A record $58.1 billion poured into global equity funds over the past week, with the bulk of the money flowing to U.S. large cap stocks, BofA’s weekly fund flow data showed on Friday.
The investment bank said U.S. equities attracted $36.3 billion inflows, the highest ever, with large-cap funds taking in $25.1 billion in the week to Wednesday.
The risk-on mood triggered outflows from cash and gold. Cash funds lost $10.6 billion, while gold recorded its first outflows in two months with $800 million fleeing.
