LONDON, Oct 8 (Businesshala) – Investors pledged $14.9 billion in cash for the week on Wednesday and $1.8 billion in inflation guarded by the US Treasury as markets took a major sell-off, based on EPFR data on flow numbers. A round-up by Boffa. Shown on Friday.
The BofA report said fixed income markets attracted the smallest weekly inflows since March at $3.9 billion, with just $2.1 billion in investment grade securities and both high-yield and emerging market bonds suffering outflows. .
Japan’s shares lost $13 billion since April 2019, with US stocks gaining $4.3 billion and US stocks gaining $71 million, while their European peers suffered 1.3 billion outflows.
“Stagflation” winners of the late 60s/70s were real assets, real estate, commodities, volatility, cash, EM, all of which held their own versus inflation; the losers were bonds, credit, equities, technology, All of which ultimately led to conflicts,” strategist Michael Hartnett said in a note to clients.
BofA also noted that central banks around the world had cut 999 interest rates since the collapse of Lehman Brothers in 2008, sparking the global financial crisis.