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Investors pull $30 billion out of stocks in 2nd-largest weekly outflow on record: BAML
Current market carries echoes of 1998 Asia/LTCM crisis: analysts
As the second quarter neared its close, investors adjusted allocations, with a notable rotation out of equities and into safer assets such as government bonds or cash, according to flow data compiled by Bank of America Merrill Lynch.
Much of the repositioning was driven by changing environment: tighter Federal Reserve monetary policy, rising energy prices, geopolitical tensions and growing protectionist policies across the globe.
In the week ended on Wednesday, investors withdrew nearly $30 billion from global equity funds, which was the second largest weekly outflow on record, the BAML analysts said in a Friday note.
The biggest chunk of equity outflows came from U.S. equity funds, where investors withdrew $24.2 billion over the past week, the third largest outflow ever. - Marketwatch
As the second quarter neared its close, investors adjusted allocations, with a notable rotation out of equities and into safer assets such as government bonds or cash, according to flow data compiled by Bank of America Merrill Lynch.
Much of the repositioning was driven by changing environment: tighter Federal Reserve monetary policy, rising energy prices, geopolitical tensions and growing protectionist policies across the globe.
In the week ended on Wednesday, investors withdrew nearly $30 billion from global equity funds, which was the second largest weekly outflow on record, the BAML analysts said in a Friday note.
The biggest chunk of equity outflows came from U.S. equity funds, where investors withdrew $24.2 billion over the past week, the third largest outflow ever. - Marketwatch
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