Bank of America: Global Equity Funds Attract Record Inflows of $1.4 Trillion

Bank of America strategists have stated that global equity funds have attracted a record inflow of $1.4 trillion this year on an annualized basis, with investor short-selling sentiment remaining low. U.S. equity funds attracted $656 billion, technology stocks drew in $222 billion, and South Korean stocks attracted $78 billion. The report highlights that these inflows provide strong support for the stock market, despite many investors having a bearish sentiment, actual short-selling or underweighting is relatively rare. Over the past six months, risk assets have struggled due to the contradiction between bullish positions and tightening policies. The strategists maintain a cautious stance, believing that the market will continue to face pressure until interest rate hikes conclude and the financial environment loosens, particularly as U.S. crude oil prices need to fall below $70 per barrel, the dollar needs to reverse its recent gains, and the yield on 10-year U.S. Treasury bonds must drop below 4.5% to change the current situation.

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