BOFA Reports $25.6 Billion Inflows into Investment Funds, Citing EPFR Data

Bank of America (BOFA), citing EPFR data, reported significant inflows into various investment funds over the latest week. Investors allocated $25.6 billion into stocks, marking the largest inflow since March. Tech funds saw a record weekly inflow of $8.7 billion, while US growth funds received a record $11.9 billion. Investment-grade bonds experienced their 34th consecutive week of inflows at $5 billion, whereas bank loans saw their largest outflow since October at $300 million. Additionally, investors withdrew $300 million from gold, $400 million from cryptocurrencies, and $15.8 billion from cash. China funds recorded the largest two-week inflow since February at $3.3 billion.