Investors bought stocks and bonds, shed cash in past week, BofA says
SPY•Stock funds drew $64.5 billion and bond funds $11.8 billion in the week to Wednesday, while money market funds saw $53.1 billion in outflows, BofA Global Research said. US stocks attracted $39.1 billion, and Treasuries $3.6 billion.
1. Stocks and bonds gain inflows
Stock funds saw $64.5 billion of inflows in the week to Wednesday, including $39.1 billion into US stocks. Tech stocks drew $10.7 billion, bringing their year-to-date inflows to a record $196 billion; US stock inflows reached a record $636 billion year to date.
2. Cash outflows, Treasury streak
Bond funds attracted $11.8 billion, including $3.6 billion for Treasuries, their 16th consecutive weekly inflow and longest streak since August 2024. Money market funds had $53.1 billion in outflows. Emerging markets drew $17.7 billion, including $8.6 billion for China; Brazil saw a record $4.7 billion of inflows over the past two weeks.
