Investing.com | Author Investing.com Türkiye
Published Jan 20, 2023 09:30AM ET
Updated Jan 20, 2023 09:43AM ET
Emerging market debt and equity funds see largest ever inflows - BofA
By Investing.com Staff
BofA Securities investment strategist, Michael Hartnett, highlighted in his flow show report Friday that last week saw the largest inflows into emerging market debt and equity funds at $12.7 billion. This comes as the world capitulates on China's reopening, he said.
Hartnett further highlights that China stocks are up 52% from their lows, the Eurozone is up 33%, copper 32%, UK 29%, and materials 28%. However, he said there can be no "Big Bull without the Big Dog" - the NYSE. He said the NYSE Composite needs to "convincingly" break above 16,200 versus where it currently stands at 15,600.
Among other flows to know, Hartnett highlighted "big, steady" inflows to corporate investment grade bonds over the past four weeks, the first inflows to European stocks in 49 weeks, and the first inflow to Bank Loans in the past 11 weeks.
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.