Bond funds record a record flow of $ 109 billion – Economy – Arab and International

0
56


Weekly fund flows data from Bank of America showed that the sale of all assets in the market led to a sharp decline in almost every asset class, while bond funds recorded a record flow of $ 109 billion.

The high incidence and death of coronavirus outside China has led to massive sales in the stock market, and investors have withdrawn $ 20.7 billion of shares with the exodus of $ 20.2 billion in just one day, a record level.

Also on Monday, there was a record exit of $ 4.7 billion from emerging market bond funds, leading to a record weekly exodus of $ 18.8 billion.

The unprecedented isolation in major cities around the world and the potential economic consequences have prompted central banks and governments to announce massive stimulus measures.


20.2

One billion dollars, investors withdrawn from shares in just one day.

Share

Print









LEAVE A REPLY

Please enter your comment!
Please enter your name here