BofA: Investors on track to pour US$1.3 trillion into cash funds in 2023

BoFA’s weekly Flow Shows report said that investors put US$64.2bil into cash funds in the week to Wednesday. — Reuters

INVESTORS are on track to have put US$1.3 trillion into cash funds in 2023, according to Bank of Americ (BofA) a and data provider EPFR.

BoFA’s weekly Flow Shows report said that investors put US$64.2bil into cash funds in the week to Wednesday. They pulled US$3.4bil from equity funds across the week, while putting US$4.5bil into bonds.