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Bank of America reports significant inflows in the equity market, with clients buying US equities for the first time in 3 weeks. $6.1 billion flowed into stocks, marking the 5th largest week in history for their clients. Chinese exchange-traded funds have also seen remarkable growth over the past three years.
EM equity fund flows. "In June, we saw US$12bn into EM equity funds (after 3 months of flat flows) but almost all inflows were directed into China ETFs https://t.co/xfViMrexgy
"In June, we saw US$12bn into EM equity funds (after 3 months of flat flows) but almost all inflows were directed into China ETFs." - BofA Soto https://t.co/0VUNF2ICEl
🔵 ASIA LEADS AS EM PORTFOLIOS SEE 8TH CONSECUTIVE MONTH OF INFLOWS -IIF Emerging market portfolios attracted foreign inflows for an eighth consecutive month in June with flows to Asia ex-China taking the lion's share, but the high U.S. interest rates are affecting the scale…