Bank of America reported significant inflows in various sectors, including a $3.1 billion inflow in IG bonds, the largest in 15 weeks, and a $40 billion inflow to stocks, the largest in two weeks since February 2022. Additionally, EM debt saw its first inflow of $20 million in 17 weeks. Tech-based fashion platform raised $2 million. The November alignment of economic factors has powered a strong US equity rally, boosting year-to-date gains. Gold funds experienced the biggest inflow of $0.7 billion since May, while global equity fund inflows in November were the largest since August. Two-week inflows to US equity funds were the largest at $40 billion since February 2022. Tech led global sector fund flows with a $1.7 billion inflow, followed by Financials and Industrials. Tech funds also saw their largest inflow of $2.4 billion in 3 months.
Tech funds saw their largest inflow (+$2.4bn) in 3 months. via BofA Hartnett https://t.co/h7UTnZWMhm
Tech (+$1.7bn) led global sector fund flows last week, followed by Financials (+$0.3bn) and Industrials (+$0.1bn). All other sector flows were negligible/negative. via Deutsche Bank https://t.co/KlVcZhesNz
Two-week inflows to US equity funds were the largest (+$40bn) since February 2022. via BofA Hartnett https://t.co/OswWBT44tZ
The November alignment of four factors -- Goldilocks economic data, lower yields, oil price declines, and cash being out to work -- has powered a strong US equity rally that, in turn, has boosted year-to-date gains to nearly their highest levels for the year (see Bloomberg charts… https://t.co/rC1q2iRi7Y
November global equity fund inflows have been the largest since August, per Goldman https://t.co/dpzdveVT6g
Gold funds experienced the biggest inflow (+$0.7bn) since May. via BofA Hartnett https://t.co/TL6h15dYgG
Inflow raises $2m for tech-based fashion platform https://t.co/YL3JihZgEO
EM debt saw its first inflow (+$20mn) in 17 weeks. via BofA Hartnett https://t.co/Rmu3UM9gjJ
Bank of America, $BAC, has noted the biggest two-week inflow to stocks -- $40 billion -- since February 2022.
IG bonds saw their biggest inflow (+$3.1bn) in 15 weeks. via BofA Harnett https://t.co/0ec6ttYwsY