Financial institution of America mentioned on Friday, citing knowledge from EPFR, say that tech shares noticed $4.4 billion of outflows within the newest week, their “largest outflow ever” and the primary outflow in 9 weeks
- $32 billion of flows into money
- $13.3 billion into funding grade bonds, the most important influx since September 2020
Data comes through Reuters, link here
Apple noticed very sharp share worth losses certainly:
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EPFR (Rising Portfolio Fund Analysis) is an organization that tracks fund flows and asset allocation knowledge for banks, asset managers, and hedge funds. The info and evaluation supplied by EPFR are used to observe investor sentiment and to trace the place cash is shifting within the international monetary markets, particularly throughout mutual funds and exchange-traded funds (ETFs).
