HomeEconomyEquity funds post biggest weekly outflows ever - Bank of America Economy Equity funds post biggest weekly outflows ever – Bank of America By farahat December 23, 2022 0 101 views Share FacebookTwitterPinterestWhatsApp us 30 -0.% Add to Watchlist/From Remove from watchlist Add to watch list Add location Location added ed successfully: Please name your portfolio Types of: purchase Sell date: quantity: price Leverage Function: 1:1 1: 1:1: 500 Stoke -0.% 600 Add to/Remove from Watchlist Add to watch list Add location arrive: Please name your portfolio Types of: purchaseSell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: By Lucy Retano LONDON (Reuters) — Investors sold stocks at the highest weekly rate ever seen for the week through Wednesday, netting $.9 billion shares, according to a Friday report from Bank of America Global Research. report, which attributed the sell-off to tax-related purposes. US value funds and passive equities also posted record weekly net outflows $ .2 billion and $. They were $8 billion, the bank said. Bank of America says record outflows are behind “tax-loss harvesting,” a practice that involves selling assets at a loss to offset capital gains. tax strategy. Investors also reduced cash holdings net $17.5 billion, the largest drop since February , and sold the largest amount of investment-grade and high-yield bonds in nine weeks. Local EM bonds recorded their first net inflows since April, while EM equities recorded their third consecutive week of inflows with a net inflow of 32 One hundred million U.S. dollars. The stock sell-off came as we were unnerved by the Bank of Japan’s surprise monetary policy adjustment on Tuesday. With its historic approach to ultra-low interest rates, deflationary Japan has set a “floor” for past global interest rates , Bank of America said, adding that with the Bank of Japan planning to end yield curve control at , that floor will now be higher. As a result, the bank’s analysts say they prefer commodities to credit, stocks in the “rest of the world” to US stocks, and small-caps to large-caps. On an industry basis, they prefer value over growth, industrials and banks over tech and private equity. Stocks took a hit last week after several major central banks raised interest rates, including the Federal Reserve and the European Central Bank (ECB), as well as the need to Warning of more rate hikes to curb inflation. US benchmark 400 Standard & Poor’s 30 has fallen 3.6% over the past ten days and is at a more than six-week low, while the pan-European 400 Stoke 30 Index from above It retreated from a six-month high for the week. Bond funds recorded net outflows $ billion, pushing Bank of America’s “Bulls vs. Bears” indicator down slightly to 3 from 3.1 last week – the highest level since March No. 100 Share FacebookTwitterPinterestWhatsApp Previous article'Wednesday' Creators Talk Surprise Finale, Season 2 Thoughts & Reflect on 'Smallville' 21 Years LaterNext articleJapan Animated TV Rankings, December 12-18 farahat RELATED ARTICLES Economy Wall Street ends with jobs data, debt default averted June 4, 2023 Economy ECB's Visco says lower energy prices should help curb inflation June 4, 2023 Economy Biden signs debt limit bill, averts U.S. default June 3, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS Bedrock Upgrade: How Optimism Game-Changer Could Impact OP Price June 4, 2023 August's Cinderella Nine S Manga Listed as Volume 5 Concluded June 4, 2023 'Full Moon' star Hugo Speer says he was dropped by Disney+ spinoff after runners saw him naked in trailer June 4, 2023 Aaron Judge in 2023: Even better than 22? June 4, 2023 Load more Featured NEWS How to Transform Your Home With Well-Placed Mirrors January 31, 2023 Максим Криппа: «Есть много способов иметь красивую фигуру и при этом не морить себя голодом» February 27, 2023 3 ex-Red Sox losers with their new teams April 30, 2023 McConnell says U.S. recession likely, vows GOP will curb Biden spending August 29, 2022 Load more
