Banking
Cash draws biggest weekly inflow since March 2023, BofA saysPublished : 3 days ago, on
LONDON (Reuters) – Investors ploughed $136.4 billion into cash in the week to Wednesday, the biggest weekly inflow since March 2023, when markets were rattled by a regional banking crisis, according to a report from Bank of America on Friday.
They also snapped up $8.2 billion of stocks and $4.9 billion of bonds, but sold $0.4 billion of gold, Bank of America said, citing data from EPFR.
Crypto got a $3 billion injection, and clocked its largest four-week inflow ever, at $11 billion.
Buying of U.S. equities continued for the ninth consecutive week, with inflows into small caps specifically ballooning to a record high, the bank said.
(Reporting by Lucy Raitano; Editing by Amanda Cooper)
-
Finance3 days ago
Phantom Wallet Integrates Sui
-
Banking4 days ago
Global billionaire wealth leaps, fueled by US gains, UBS says
-
Finance3 days ago
UK firms flag over $1.4 billion in labour costs from increase in national insurance, wages
-
Banking3 days ago
Italy and African Development Bank sign $420 million co-financing deal