U.S. stock funds enjoyed their largest inflows in nine weeks, according to Bank of America strategists, as strong central bank support means there’s no alternative to equities to generate returns.
U.S. equity funds attracted $12.8 billion in the seven days ending Aug. 18, Bofa said in a note, citing EPFR Global data. Worldwide, investors poured $23.9 billion into equities in the period, and pulled $4.5 billion from cash funds, the first outflow in five weeks.
