Cash draws biggest weekly inflow since March 2023, BofA says

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December 6, 2024 3:10 AM EST

FILE PHOTO: A Bank of America sign stands on the side of a building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo

LONDON (Reuters) - Investors ploughed $136.4 billion into cash in the week to Wednesday, the biggest weekly inflow since March 2023, when markets were rattled by a regional banking crisis, according to a report from Bank of America on Friday.

They also snapped up $8.2 billion of stocks and $4.9 billion of bonds, but sold $0.4 billion of gold, Bank of America said, citing data from EPFR.

Crypto got a $3 billion injection, and clocked its largest four-week inflow ever, at $11 billion.

Buying of U.S. equities continued for the ninth consecutive week, with inflows into small caps specifically ballooning to a record high, the bank said.

(Reporting by Lucy Raitano; Editing by Amanda Cooper)


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