First inflows into global equities in 10 weeks - BAML
LONDON, May 24 (Reuters) - Investors have added to their global equity holdings for the first time in 2-1/2 months and continued to pile into bonds, Bank of America Merrill Lynch said on Friday, as worries about the U.S.-China spat sent shudders through financial markets.
The net inflow into equities totalled $900 million in the week to Wednesday, the first in 10 weeks, the bank said citing EPFR data. That is eclipsed by the $135 billion that has left stocks year to date.
Still some $3.9 billion left emerging market equities, the biggest since June last year.
Global bonds saw $6.4 billion inflows, adding to the $158 billion that's already gone into the safe-haven market this year.
Despite growing worries over a trade war between the world's two largest economies, BAML said it still expects new highs in risk assets this summer.
(Reporting by Thyagaraju Adinarayan)
((firstname.lastname@example.org; +44 20 7542 7015; Reuters Messaging: email@example.com; Twitter @thyagu))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.