Bank of America: U.S. stock funds see largest outflow in 6 weeks, gold faces significant redemptions
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⑴ Bank of America stated that U.S. equity funds saw the largest outflow in six weeks, totaling $13.9 billion, while other regions attracted capital inflows. ⑵ Citing EPFR Global data, Bank of America reported that in the week ending March 4: bonds attracted $19.7 billion in inflows; equities overall saw $11.5 billion in inflows; and money market funds received $5.6 billion in inflows. ⑶ Gold experienced its largest outflow since October last year, totaling $1.8 billion.
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