Stock, bond funds in emerging markets get record $12.7 bln ‎inflows within a week

Investors pumped $12.7 billion into emerging market stock and bond funds over the past week.

According to BofA Global Research data, these record levels of flows came after China decided to ease the restrictions of closures associated with Corona.

Bond funds received inflows of $14.4 billion during the week ending on Wednesday, while stock funds received $7.5 billion.

Monetary funds received $0.6 billion, while gold funds saw an exodus of $0.6 billion.

As for European stocks, they witnessed the first weekly flows in about a year, at about $0.2 billion, as Europe benefited from the decline in gas prices and the reopening of the Chinese economy.

Global equity funds receive inflows for the second week in a row

According to Refinitiv data, global equity funds received $5.24 billion in capital last week, and most of the inflows went to European equity funds.

As for global bond funds, they received the third consecutive weekly cash flows, at a value of $13.23 billion while the global monetary funds witnessed the first outflows in 4 weeks.