800 rate cuts on and investors hose money at everything: BofA

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800 rate on and investors hose money at everything: BofA

LONDON (Reuters) – Investors poured money into almost everything last week with bond attracting a whopping $23.6 billion and equities and emerging markets getting big boosts too, analysts at BofA have estimated in their weekly crunch of markets data.

BofA flagged that a interest rate cut in Mexico on Thursday had chalked up the 800th rate cut by global central since the collapse of Lehman Brothers in 2008.

Bond funds saw their biggest weekly inflows ever, while equity funds pulled in $12.5 billion in the week to Wednesday, mainly driven by technology and emerging stocks amid easing fears of the impact.

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The said as infection rates of the deadly coronavirus eased high-yield bonds also saw their strongest weekly inflows in 21 weeks of $3.4 billion and emerging market equities saw $2.7 billion inflows.

Meanwhile, other such as the U.S. benchmark S&P 500 and the STOXX 600 () indexes have been setting fresh record highs driven by ultra-loose and a thriving tech sector.

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Source: Investing.com

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