LONDON (Reuters) - Global investors ploughed money back into stocks and bonds this week as they regained their appetite for risk, boosted by dovish comments from Federal Reserve Chair Jerome Powell.
International equity funds drew inflows of $6.2 billion while $7.2 billion flowed into bond funds, BAML strategists said on Friday, citing data from EPFR tracking flows in the week to Jan. 9.
Emerging market assets were popular with both equity and bond funds drawing in $2.4 billion, while high-yield bond funds received $1.5 billion inflows.
Investors pulled $600 million from tech stocks and $1.5 billion from financials stocks, also dumping $1.4 billion of investment-grade bonds.
BAML's gauge of investor positioning fell to 1.8, what the strategists called "extreme bear territory" last week, triggering a "buy" signal for equities.
(Reporting by Helen Reid, Editing by)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app