LONDON, September 10 (Hfrance.fr) - Investors rushed to collect emerging market debt and tech stocks in the week to Wednesday, BofA Securities said in a weekly note, with the United States The investment bank 's own private clients increased their equity allocations to an all time high.
stocks attracted $ 12.7 billion while bond funds attracted $ 12.6 billion, according to BofA, citing EPFR data. Liquidity was also surprisingly in demand, with inflows peaking in five weeks at $ 15.2 billion.
Real estate investment trusts, seen as offering high but sustainable returns, have benefited from a global macroeconomic picture marked by slower growth and an increase in the economy.inflation, benefiting from their biggest surge in 2.5 years to $ 1.8 billion.
And although private clients have increased their allowances Stocks at an all-time high of 65.3% at the expense of bonds and cash, their asset allocation tilted towards bank loans, inflation-protected securities and utility stocks.
Financial stocks were hit by an outflow of $ 2 billion, and customers took out $ 200 million of gold.
"The macroeconomic backdrop is higher inflation, hawkish central banks, lower growth, which means stagflation " said analysts led by Michael Hartnett to the bank in a note.
BofA said the The flood of cheap central bank money flowing over the stepsfinancial should slow down. Global central bank bond purchases are expected to fall to $ 0.3 trillion in 2022, a fraction of $ 2.3 trillion in 2021. Report by Saikat Chatterjee Edited by Peter Graff
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