Bank of America says stock outflows are catching up to market despair |nigeria news today headlines update today

Bank of America says stock outflows are catching up to market despair

Fund flows are starting to add evidence that investors are throwing in the towel on stocks, according to Bank of America Corp strategists. Investors have pulled cash from global equity-focused mutual funds for at least five weeks, yanking US$4.5 billion in the most recent period, according to the bank, which relies on EPFR Global data. […]

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