Investors poured $3.4 billion into European stock funds in the week to Wednesday, as slowing inflation in Europe and China’s relaxation of strict zero-Covid policies made investors hunt for gains in non-U.S. equities, according to analysts at BofA Global Research, citing EPFR Global data in a weekly note.
The weekly inflows into European stock funds were the largest since February 2022, and is the second straight week of inflows following an entire year of outflows . BofA also said there was the strongest inflow to investment-grade and high-yield bonds since Sept. 21, with average weekly inflows of $7.7 billion over the past four weeks.
BofA strategists also noted that as the Federal Reserve keeps tightening its monetary policy, cash held in U.S. money market funds has hit a record high of $4.8 trillion, which indicates there are “still lots of liquidity sloshing around.”
Belgique Dernières Nouvelles, Belgique Actualités
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