Bank of America announces that emerging market stocks receive the largest inflows in 6 weeks

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Cairo – via Mohamed Salah – Bank of America said in a note today, Friday, based on EPFR data that investors flocked to emerging market shares in the week ending October 21, while equity and bond funds also witnessed net inflows.

The bank added that emerging market stocks recorded $ 2.7 billion in inflows, the largest in six weeks, while emerging market debt saw strong inflows of $ 2.2 billion.

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This comes after the International Monetary Fund revised upward its forecast for the global economy but warned that prospects were deteriorating for many emerging markets.

Equity funds recorded $ 1.8 billion in flows, dominated by Europe, which attracted the largest flows in 18 weeks ($ 2.2 billion). Bond funds attracted $ 14.4 billion.

Bank of America said that investors continued to shy away from cash, which saw the displacement of flows for the eleventh week.

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