Friday: March 06, 2020
(Reuters) – Bank of America said investors have left most asset classes, as equity and bond funds saw a total displacement of $ 36 billion over the week ending Wednesday, amid fears of economic damage caused by the Corona virus. The stock market has been in a wave of selling since mid-February, which has left the market about $ 6.5 trillion in value, as the number of cases of coronavirus is increasing at a greater rate. Analysts at Bank of America, who are working on weekly data from the IFFR to monitor the flows, said that $ 23.3 billion was withdrawn from stock markets and $ 12.6 billion left the bond markets, the largest rate since December 2018. The data also showed That risk averse investors withdrew $ 5.3 billion in emerging market shares, the highest level in 30 weeks.