Right Now Times News : Statistics of fund flows from Bank of America showed a rush of investors over liquidity, gold and high-rated bonds, amid anticipation in the United States for Congress to approve a new stimulus.
Concerns about the fate of the package caused the exit of $ 7.4 billion from equity funds over the course of a week until Thursday, at a time when flows of European stocks also decreased, as they witnessed an exodus of one billion dollars over the past month, according to “Bank of America” data.
Right Now Times News : US equity funds recorded the largest displacement in six weeks, losing 6.5 billion dollars.
Despite this, the “Standard & Poor’s 500” index is approaching a record high, as the stimulus measures already taken have helped US stock indices to outpace the selling that followed the outbreak of the Coronavirus.
Right Now Times News : Gold, which broke through the $ 2,000 an ounce barrier to record highs this week, attracted $ 2.7 billion.
Meanwhile, high-rated bonds attracted $ 14.7 billion, as investors followed the example of central banks, whose purchases of bonds amount to two billion dollars per hour, according to Bank of America.