Top Stories
Gap between U.S. and European equity flows deepens-BofA
Global Banking & Finance Review®
Company
LONDON (Reuters) – Investors continued to pull out money from European equity funds while adding exposure to U.S. stocks as global markets recovered from the lows hit at the end of May, BofA said on Friday in a research note citing EPFR data for the week to Wednesday.
LONDON (Reuters) – Investors continued to pull out money from European equity funds while adding exposure to U.S. stocks as global markets recovered from the lows hit at the end of May, BofA said on Friday in a research note citing EPFR data for the week to Wednesday.
Overall, the asset class saw $12 billion worth of inflows. But it was the 17th week in a row of outflows for Europe with $2.1 billion leaving the space, hard hit by the impact of the Russia-Ukraine war.
By contrast, U.S. equity funds saw a fifth week of inflows worth $13.2 billion.
BofA analysts also said their ‘Bull & Bear’ indicator, which seeks to track market trends, had moved deeply into “extreme bearish” territory.
(Reporting by Julien Ponthus; Editing by Dhara Ranasinghe)
Equity refers to the ownership interest in a company, represented by shares of stock. It reflects the value of an owner's stake in the business after all liabilities have been deducted.
Financial markets are platforms where buyers and sellers engage in trading financial assets such as stocks, bonds, currencies, and derivatives. They facilitate the exchange of capital and liquidity.
Investment portfolios are collections of financial assets, such as stocks, bonds, and real estate, held by an individual or institution. They are managed to achieve specific financial goals.
Explore more articles in the Top Stories category
