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Stock market fall "not the Big One", says BAML

Reuters  |  LONDON 

LONDON (Reuters) - Investors poured a record $1.3 billion into funds managing tech shares over the past week, contrasting with a picture of ebbing inflow into world equity vehicles and losses on U.S. stock funds, Bank of America Merrill Lynch (BAML) said on Friday.The data, which tracks flows through Wednesday, also showed some alarm over junk debt, with some $600 million in outflows from high-yield bond funds, an eight-week high.World stocks are witnessing their second day of losses, albeit after the longest daily winning streak in almost 11 years. A 0.4 percent pullback in U.S. tech shares ...

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First Published: Fri, November 10 2017. 17:00 IST
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