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.
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)
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