Cash once again captured the majority of inflows last week, but significant investments continued to flow into equities, particularly in the U.S., Bank of America said in its latest report.
The tech sector maintained its momentum, securing $3.9 billion in inflows, marking the seventh consecutive week of gains. European equity funds, which have struggled recently, recorded their first inflow since May, albeit a modest $100 million. In terms of regional performance, U.S. equity funds led the charge with $5.5 billion in inflows, marking the seventh week of positive flows. Japan also saw a second week of inflows at $1.6 billion, while emerging market stocks attracted $1 billion for the 11th consecutive week.
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