Someone must be on a promise as the BOFA money flow figures are out fairly early today.
- Worldwide stock funds see $1.4bn inflow vs $2bn out last week
- Stock mutual funds -$4.5bn, stock ETF’s +$5.9bn
- European stock funds +$4.5bn for the second largest weekly inflow in 2013
- Bond funds -$4.2bn and the largest fall since August
- Commodity funds -$1.4bn, biggest outflow since July
- Muni bonds worldwide -$2.3bn, largest since June
Bond funds continue to see outflows while stocks see inflows and that’s underpinning stock prices while yields go up in bonds. It will be interesting to next weeks figures which will be up to the Wednesday this week, I believe. I’m trying to get these figures in full as I think they show a good perspective of flows.