Bank of America: Investors flock to money markets and bond funds
2025-08-08 09:02:27
Money market funds saw their biggest inflows since January, while investment-grade and high-yield bond funds saw their highest inflows since June 2020, according to Bank of America. According to EPFR Global data cited by Bank of America, in the week to August 6: cash assets attracted $106.70 billion and bonds attracted $28.50 billion; gold outflows 200 million dollars and cryptocurrencies outflows 1.90 billion dollars, the largest weekly outflows since March; equity market outflows 41.70 billion dollars, but this was entirely driven by abnormal clearing outflows from three UK-registered funds on July 31.
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