Wednesday, October 20, 2021

See equity, bond fund inflows as rough patch in market: BOFA

LONDON – Global equity and bond funds saw modest inflows on the price of cash and gold funds, while global markets were dominated this week by concerns about US debt limits and energy shortages in Europe and China. BofA showed up on Friday.

On a weekly basis, investors pledged $9.2 billion in equities and $8 billion in bonds, while withdrawing $0.6 billion in gold and $6.6 billion in cash.

Digging deeper, broader investment inflows were in financial, energy and small-cap sectors, while rising bond yields in emerging market debt funds led to large outflows.

Analysts led by chief investment strategist Michael Hartnett said, “If the 2010s were deflationary, driven by excess debt and aging demographics, the 2020s would be inflationary, fueled by economic isolationism over supply chains and government intervention.” Will be motivated because central banks want inflation.” bank, said in a note.

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He noted that the US government has spent $1.2 billion every hour in 2021 and $14.2 trillion since January 2020 and is struggling to pass further fiscal stimulus packages.

Democratic leaders in the US House of Representatives delayed a planned vote on a $1 trillion bipartisan infrastructure bill set for Thursday.

by Saikat Chatterjee

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This News Originally From – The Epoch Times

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