Financials Jun 25, 2022 08:50 PM (GMT+8) · EqualOcean
According to EPFR global, a data service provider, quoted by Bank of America, in the week ending June 22, about US $16.8 billion of funds flowed out of equity funds worldwide, a nine week high; The US stock market saw its first net capital outflow in seven weeks, reaching US $17.4 billion. In addition, the data also showed that bond funds were redeemed by as much as US $23.5 billion, the largest weekly net outflow since april2020. By the end of the week of June 22, global investors had converted US $10.8 billion into cash; US $600million was converted into gold for the first time in four weeks.