LONDON - Investors sold stocks and bought bonds in the week to Wednesday, Bank of America Global Research said in a note on Friday, while investors continued to shun emerging market assets.
Equities saw a weekly outflow of $8.2 billion, BofA said, citing EPFR data, while investors favoured the relative safety of bonds, which saw inflows of $3.7 billion.Investors dumped emerging market debt and stocks in the latest week, with equities seeing outflows of $4.3 billion, their largest weekly outflow since May 2022.
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