Equity, Bond Funds See Inflows as Markets Hit Rough Patch: BOFA

Equity, Bond Funds See Inflows as Markets Hit Rough Patch: BOFA
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Sept. 29, 2021. Brendan McDermid/Reuters
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LONDON—Global equity and bond funds saw modest inflows at the expense of cash and gold funds even as global markets hit a rough patch this week dominated by concerns about the U.S. debt ceiling and energy shortages in Europe and China, a weekly round-up by BofA showed on Friday.

On a weekly basis, investors ploughed $9.2 billion into stocks and $8 billion into bonds, while withdrawing $0.6 billion from gold and $6.6 billion from cash respectively.