U.S. equity funds see outflows of $4.7 billion in the week to July 5, with redemption in 8 of the past 10 weeks, BofAML strategists write in a note, citing EPFR Global data.
Europe equity funds see withdrawals of $0.5b in week, first in 15 weeks
Emerging-markets equity funds gather $0.4b, 16 straight weeks of inflows; Japan equity funds see $0.9b inflows, 4th week in a row of inflows
By sectors globally: inflows into financials, health care; outflows from tech, consumer, real estate, utilities
In fixed income: bond funds overall have $3.9b of inflows; IG gets $5.7b, HY has $1.4b of outflows, EM has $0.7b in inflows
Higher interest rates likely much more negative for equities and credit in coming months given new central-bank policies: BofAML
Source: Bloomberg Pro Terminal
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