🚨 BREAKING: $29.6 Billion Flows Into Emerging Market Equity Funds
• Bank of America said $29.6 billion flowed into emerging market equity funds in the week through July 22, marking the second-largest weekly inflow on record.
• China equity funds attracted $21.3 billion, accounting for the majority of inflows as investors rotated away from developed markets.
• U.S. equity funds saw $7.2 billion in outflows, while European equity funds lost $1.6 billion during the same period.
• BofA's July fund manager survey showed cash levels at 3.6%, below its contrarian sell signal, while a record 54% of managers expect a "no landing" economic scenario.
• Bank of America said $29.6 billion flowed into emerging market equity funds in the week through July 22, marking the second-largest weekly inflow on record.
• China equity funds attracted $21.3 billion, accounting for the majority of inflows as investors rotated away from developed markets.
• U.S. equity funds saw $7.2 billion in outflows, while European equity funds lost $1.6 billion during the same period.
• BofA's July fund manager survey showed cash levels at 3.6%, below its contrarian sell signal, while a record 54% of managers expect a "no landing" economic scenario.