Investor capitulation yet to show up in equity flows: Bank of America

Equity funds are still seeing inflows despite deeply pessimistic sentiment, with “final capitulation” not yet here, according to strategists at Bank of America (BofA) .
 

Global stock funds had inflows of $9.2 billion in the week through October 19, according to a note from the bank citing EPFR Global data.
 

Cash funds saw addition of $14.5 billion, while $12.2 billion left bonds. Gold had redemption of $1.5 billion, the data shows.
 

The report comes after BofA’s fund manager survey earlier this week showed investors had thrown in the towel on equities and global growth.
 

But with inflation remaining persistently high