LONDON (Reuters) – U.S. Treasury funds recorded their first outflow since February in the week to Wednesday, as global investors shed $1 billion of the government bonds and piled into stocks, according to Bank of America and data provider EPFR on Friday.
Investors snapped up $23.5 billion in stocks in the week to Nov. 15, marking the second largest weekly inflow into equities of 2023. U.S. large cap stocks also clocked their largest inflow since February 2022, with $23.7 billion.
Cash funds saw inflows of $20.5 billion, and overall investors bought $2.6 billion in bonds week on week. Meanwhile, gold fund saw outflows of $400 million, BofA said.
(Reporting by Lucy Raitano; Editing by Amanda Cooper)
