Investors rushed back into investing in bond and equity funds, BofA's weekly fund flow statistics showed on Friday, as unprecedented stimulus measures led to global markets recouping most of COVID-19 related losses.
FILE PHOTO: A man wears a protective mask as he walks past the New York Stock Exchange on the corner of Wall and Broad streets during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020.
The investment bank noted that in the week ending on June 10, a “huge” 24.6 billion dollars went into bonds while $13.8 billion was channelled into equity funds, the largest amount in 9 weeks.
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