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BofA: Investors sell stocks, buy bonds in latest week; shun emerging markets

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BofA: Investors sell stocks, buy bonds in latest week; shun emerging markets

© Reuters. FILE PHOTO: A trader works on the floor of the New York Stock Exchange in New York City, U.S., July 19, 2023. REUTERS/Brendan McDermid/File PhotoLONDON - 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.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.

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