×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: cash | equities | bonds | retirement savings

Investors Cut Cash Holdings for 1st Time in 8 Weeks

Investors Cut Cash Holdings for 1st Time in 8 Weeks
(Dreamstime)

Friday, 21 April 2023 12:45 PM EDT

Investors cut their cash holdings for the first time in eight weeks, while shedding equities and gold in the week to Wednesday, according to a report from BofA Global Research Friday.

Cash funds saw outflows of $65.3 billion, BofA said, citing EPFR data.

Bond funds, meanwhile, recorded inflows of $4.6 billion, while investors sold $2.6 billion of global stocks and pulled $70 million out of gold funds.

Emerging market debt funds saw their first weekly inflow in 10 weeks of $600 million. Investors put $2.3 billion into emerging markets equities, the biggest inflow in four weeks.

BofA said its bull and bear indicator - a measure of market sentiment - jumped from 2.3 to 2.8.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
Investors cut their cash holdings for the first time in eight weeks, while shedding equities and gold in the week to Wednesday, according to a report from BofA Global Research Friday.
cash, equities, bonds, retirement savings
115
2023-45-21
Friday, 21 April 2023 12:45 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved