Investors flock to European stocks leaving US behind, BofA says

INVESTORS are chasing European stocks at the fastest pace in nearly a year, while US equity inflows remain muted amid concerns of a recession, according to Bank of America Corp (BofA).

European stock funds had US$3.4bil (RM14.4bil) of inflows in the week through Jan 25, according to a note from the bank’s strategists led by Michael Hartnett, citing EPFR Global data.

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