Saturday, April 13, 2024
HomemarketsBank of America/Merrill Lynch says stock market fall 'not the Big One'

Bank of America/Merrill Lynch says stock market fall ‘not the Big One’

  • Investors poured a record $1.3 billion into funds managing tech shares over the past week, Bank of America/Merrill Lynch said on Friday.
  • The inflows contrast with a picture of ebbing inflow into world equity vehicles and losses on U.S. stock funds.
  • The data also showed some alarm over junk debt, with some $600 million in outflows from high-yield bond funds, an eight-week high.

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