BofA Strategists See Cash Back in Vogue With Markets on Edge
- Cash funds see $68 billion of inflows in week through March 1
- Global equities to outperform US as China recovers, BofA says
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With bonds and stocks once again falling in unison, cash is the ultimate refuge.
Global cash funds had inflows of $68.1 billion in the week through March 1, while $7.4 billion left equity funds, according to a note from Bank of America Corp, citing EPFR Global data. At $8.4 billion, bonds attracted new funds for a ninth straight week, strategists led by Michael Hartnett said.