Worst start to year for equity flows since 2008: BAML

Traders do the task on the flooring of the New York Stock Trade (NYSE) in New York, U.S., March seven, 2019. REUTERS/Brendan McDermid

LONDON (Reuters) – A $10 billion wipeout over the previous seven times has compounded the worst start off to a year for fairness flows contemplating the simple fact that 2008, Financial institution of The united states Merrill Lynch strategists claimed on Friday.

Citing facts from stream-tracker EPFR, BAML’s analysts claimed just over $sixty billion has now been yanked out of equities contemplating the simple fact that the start off of the year. Just about $eighty billion has been pulled from made marketplaces nevertheless just over $18 billion has prolonged long gone into climbing marketplaces.

They extra that $eight.eight billion has been poured into bonds over the previous seven times, $a single.two billion seasoned continue to remaining gold resources nevertheless “Europe = Japan” was now the most consensus trade in the earth for buyers by their calculations.

Reporting by Marc Jones boosting by Helen Reid

Our Requirements:The Thomson Reuters Believe in Principles.

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