BofA Reports $81.8B Investor Flows to Cash, Tech Stocks See $1.1B Inflows

Money-market assets reached a record $6.11 trillion in the week ending April 3, according to ICI. Bank of America reported $81.8 billion of investor flows to cash due to quarter-end effects. Tech stocks received $1.1 billion inflows in the week and $18.6 billion in the first quarter, the third largest quarterly inflow on record. BofA noted $9.7 billion flows to investment-grade bonds and $300 million to emerging market debt.