In Q1, $18.6bn flowed into tech stocks, the third-largest quarterly inflow, while $81.8bn went to cash and bonds, per Bank of America Global Research.
Tech stocks saw $18.6bn inflows in Q1, the third-largest quarterly inflow ever, according to Bank of America Global Research. The past week also saw large flows to cash and bonds, with $81.8bn pouring into cash equivalent money market funds, the largest in 13 weeks. BofA attributed the inflow to quarter-end effects, with $14.2bn going to stocks in total, $1.1bn to tech specifically, and $13.4bn to bonds.
April 05, 2024
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