Investors shed historical amounts of cash to chase recent volatile market swings.
According to a newly released report by Bank of America Global Research, global financial markets have witnessed an unprecedented wave of capital relocation. Investors completely dumped cash, resulting in a staggering $64.5 billion of inflows into stock funds in just a single week. Concurrently, bond funds attracted $11.8 billion as traders fiercely look for high-yield opportunities amidst building global market volatility and escalating economic shifts.
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