LONDON (Reuters) – Investors ploughed cash into stocks and bonds and sold cash and gold in the week to Wednesday, BofA Global Research said on Friday, hailing the end of “extreme bear sentiment”,
Equity inflows totalled $18 billion, while bond funds saw $2.3 billion of inflows.
Meanwhile investors sold $0.2 billion of gold and shed cash at the highest rate in three months, selling $31.1 billion.
U.S. equity value funds recorded their largest inflows ever, of $14.3 billion, and investors bought passive equities and sold active equities.
BofA’s “Bull & Bear” indicator jumped to 3.1, its highest level since March 15th.
(Reporting by Lucy Raitano, editing by Alun John)
