Bonds see large inflows, TIPS pull in record money in weekly flows


© Reuters. FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao

LONDON (Reuters) – Bond funds enjoyed the largest inflows in three weeks at $12.7 billion in the week to Wednesday with investors putting a record amount of $3.2 billion into Treasury Inflation-Protected Securities (TIPS), BofA said on Friday.

Tracing investor flows through EPFR data, BofA found that investment grade fixed income funds enjoyed their largest intake in three weeks at $6.7 billion while cash pulled in $25.1 billion.

Equity funds attracted $23.2 billion with U.S. stocks enjoying the largest inflows in six weeks at $9.5 billion, BofA found. However, Europe suffered a second straight week of outflows at $200 million.

“Global vaccines in 2021 now surpass 4 billion; but world stuck in new normal of variants, rolling regional lockdowns, closed borders, isolationism,” wrote Michael Hartnett in a note to clients.

“As society’s goalpost for ‘substantial further progress’ on pandemic continue to shift, Wall St remains confident policy makers will continue to extend the $31 trillion of monetary & fiscal stimulus since March 20.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.