Bank of America Says All Major Asset Classes Saw Inflows in Week Ended Aug. 12
All major asset classes recorded net inflows in the week ended Aug. 12, with money-market funds and bond funds attracting the most, Bank of America said. Citing EPFR Global data, Bank of America said money-market funds attracted $25.4 billion in inflows during the week, while bond funds drew $23.8 billion and equity funds received $16.1 billion. Gold funds attracted $6.3 billion, their largest weekly inflow since January. Cryptocurrency funds recorded $300 million in inflows, according to the report. Bloomberg reported the figures.
All major asset classes recorded net inflows in the week ended Aug. 12, with money-market funds and bond funds attracting the most, Bank of America said.
Citing EPFR Global data, Bank of America said money-market funds attracted $25.4 billion in inflows during the week, while bond funds drew $23.8 billion and equity funds received $16.1 billion.
Gold funds attracted $6.3 billion, their largest weekly inflow since January. Cryptocurrency funds recorded $300 million in inflows, according to the report. Bloomberg reported the figures.
Citing EPFR Global data, Bank of America said money-market funds attracted $25.4 billion in inflows during the week, while bond funds drew $23.8 billion and equity funds received $16.1 billion.
Gold funds attracted $6.3 billion, their largest weekly inflow since January. Cryptocurrency funds recorded $300 million in inflows, according to the report. Bloomberg reported the figures.