Buyers plow billions into shares, bonds and EM belongings as threat urge for food returns

FILE PHOTO: Merchants work on the ground of the New York Inventory Trade (NYSE) in New York, U.S., January 8, 2019. REUTERS/Brendan McDermid

LONDON (Reuters) – International traders plowed a reimbursement into shares and bonds this week as they regained their urge for food for threat, boosted by dovish feedback from Federal Reserve Chair Jerome Powell.

Worldwide fairness funds drew inflows of $6.2 billion whereas $7.2 billion flowed into bond funds, BAML strategists stated on Friday, citing information from EPFR monitoring flows within the week to Jan. 9.

Rising market belongings had been common with each fairness and bond funds drawing in $2.four billion, whereas high-yield bond funds obtained $1.5 billion inflows.

Buyers pulled $600 million from tech shares and $1.5 billion from financials shares, additionally dumping $1.four billion of investment-grade bonds.

BAML’s gauge of investor positioning fell to 1.8, what the strategists referred to as “excessive bear territory” final week, triggering a “purchase” sign for equities.

Reporting by Helen Reid, Modifying by

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