Money market funds see largest redemptions since December 19: BofA

July 3, 2020

LONDON (July 3) - Money market funds saw their largest redemptions since December 2019 in the week to Wednesday, BofA said in a report on Friday, while $7.1 billion was pulled out of equity funds.

BofA said its ‘Bull & Bear’ indicator was no longer in “buy” territory for the first time since March 17.

Investors also pumped $15.3 billion into bond funds and $2 billion into gold, the report showed.

Reuters

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