Capital outflow from US stocks, record inflow into Chinese stocks = BofA weekly survey | Reuters

2024-02-09 17:49:25

According to a weekly survey released by Bank of America (BofA) on the 9th, $15.6 billion of capital outflowed from US stocks in the most recent week ending on the 7th of this month, the largest outflow since September of last year. Ta. Photographed in March 2022 (2024 Reuters/Brendan McDermid)

[ロンドン 9日 ロイター] – According to a weekly survey released by Bank of America (BofA) on the 9th, $15.6 billion of capital outflowed from US stocks in the most recent week ending on the 7th of this month, the largest outflow since September of last year. became. Meanwhile, capital inflows into Chinese stocks hit a record high of $18.8 billion, which was likely driven by capital inflows from China’s sovereign wealth funds, it said.

The study is based on EPFR data. China’s stock market this week, ahead of the Lunar New Year holiday, saw a flurry of signs that the Chinese authorities are determined to support the market in order to lift it off its lowest level in nearly five years.

Central Huijin Investment, a Chinese government-affiliated investment company, announced on the 6th that it will expand the scope of its purchases and increase its purchases.

Meanwhile, the U.S. S&P 500 index hit a new record high this week, despite a weekly survey showing investors withdrawing money from U.S. stocks.

One area investors were especially turned off by was real estate funds, which saw $1.1 billion in outflows in the latest week, the largest outflow since May 2022.

Real estate funds’ exposure to troubled commercial real estate has come into focus following last week’s sell-off of New York Community Bancorp (NYCB), a New York-based bank holding company.

Money market funds (MMFs) received $40.1 billion worth of inflows in the past week, bringing their assets to over $6 trillion.

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#Capital #outflow #stocks #record #inflow #Chinese #stocks #BofA #weekly #survey #Reuters

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