What changed
Tech Stock Funds See Record Outflows as Bonds Get Inflows: BofA
Technology stock funds had record $9.3b outflows, just one week after posting record $19.2b inflows, in a week where investors exited cash and bought bonds, Bank of America says.
Bond funds attracted $16.6b, while money market funds shed $25.5b, stocks $5b, crypto $600m and gold $500m, in the week to June 24, according to BofA citing EPFR Global data
In weekly flows to know: US stocks had 1st outflow since March at $8.5b followin — via @chigrl