Investors bought $7.1 billion of equities in the week to Wednesday and so-called “growth” U.S. stocks posted their biggest weekly inflow since December 2021, in a sign that fears over rising inflation are easing. .
Investors put $11 billion into US equity funds in the week to Wednesday, their biggest weekly inflow in eight weeks, but European stocks remained unconvincing, posting outflows for the 26th consecutive week, BofA said in a Friday interview. research note citing data from EPFR.
Tech stocks posted inflows of $600 million, the most in eight weeks, while so-called growth stocks, which benefit when interest rates are low, saw their biggest inflow since December 2021 of $2.5 billion. .
BofA analysts said their ‘Bull & Bear’ indicator, which seeks to track market trends, remains unchanged at the “extremely bearish” level.