Bank Of America Says Outflows Signal Investors Are Seeking Safety Over Growth

September 19, 2014 9:24 AM | 1 min read | Make a Comment

Barnaby Martin of Bank Of America/Merrill Lynch BAC highlights the outflows in equity and high-yield assets. IG flows have left equities and sought closure in high-grade credit.

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Martin writes: “Last week’s outflow from equity funds was the worst since May’10. Since the beginning of the year equity funds have seen inflows of $31bn, while suffering $13.6bn of outflows over the last 13 weeks. On the other hand, high-grade credit flows have been stellar over the last couple of months, with inflows mounting to $45.5bn YTD. Should this pace continue high-grade credit funds are set to see $64bn of inflows for FY14.”