Bank of America: U.S. stock funds record largest capital outflow in more than three months

Golden Finance reported that on July 3, Bank of America said investors are pulling out of the U.S. stock market at the fastest pace since March. In a report written by a team led by Michael Hartnett, the team said that according to EPFR Global data, for the week ending July 1, U.S. stock funds saw net outflows of $17.2 billion. Meanwhile, investors shifted their attention to some international stocks, with the Japanese stock market attracting inflows of approximately $1.9 billion, the largest inflow in seven weeks.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned