BofA-the maximum outflow of capital from shares in three months
2022.12.02 04:19
BofA-the maximum outflow of capital from shares in three months
Budrigannews.com – On Friday, a report by BOFA Global Research published a report that fund stocks experienced the largest outflow in three months, amounting to $14.1 billion, for the week that ended in the middle.
The latest data on flows from the BOFA also show that American funds experienced the largest outflow in April, amounting to $16.2 billion.
According to BOFA, which cited ECFR data, bonds also received an outflow of $2.4 billion, while cash funds received an inflow of $31.1 billion, and gold funds added $59 million. In its weekly report, BofA noted that all losses in 2021 compensated for the outflow of credit funds in the amount of $316 billion in 2022. It also said that direct investment funds received an influx of $ 207 billion this year, and not the “euphoric influx” of last year.
BOFA reported a loss of $ 500 million in bonds for the 15th week of outflows in emerging markets, while the profit of shares amounted to $ 1 billion.
The BofA value of the “Back and Bear” indicator has increased from 1.4 to 2.0, meaning that the “buy signal” for the risky asset will already expire.
