Key facts
- Stock funds saw $64.5 billion of inflows in the week to Wednesday.
- Tech stocks logged a record $196 billion in inflows year-to-date.
- US stocks saw a record $636 billion in inflows year-to-date.
- Bonds saw $11.8 billion of inflows in the latest week.
- Money market funds saw outflows of $53.1 billion.
- Emerging markets saw $17.7 billion in inflows, with $8.6 billion to China.
Investors dumped cash and poured money into both bonds and stocks last week, according to BofA Global Research, as traders sought to profit from recent volatility. Stock funds saw $64.5 billion of inflows in the week to Wednesday, while money market funds, referred to as cash, saw outflows of $53.1 billion. Tech stocks logged $10.7 billion of inflows, marking a record $196 billion year-to-date, while US stocks saw $39.1 billion of inflows in the week, contributing to a record $636 billion year-to-date. Bonds attracted $11.8 billion in inflows, with Treasuries seeing their 16th consecutive weekly inflow totaling $3.6 billion. Emerging markets attracted $17.7 billion, including $8.6 billion to China, and Brazil saw a record $4.7 billion in inflows over the past two weeks.