Tech stocks, emerging market debt see inflows on "stagflation" bets

FILE PHOTO: A man points a computer screen showing stock information in this illustration photo taken in Bordeaux, France, March 30, 2016. REUTERS/Regis Duvignau/File Photo

LONDON (Reuters) - Investors rushed to scoop up emerging market debt and technology shares in the week to Wednesday, BofA Securities said in a weekly note, with the U.S. investment bank's own private clients boosting their equity allocations to a record high.

Equity funds pulled in $12.7 billion while bond fundsattracted $12.6 billion, BofA found, citing EPFR data. Cash was also surprisingly in demand with inflows at a five-week high at $15.2 billion.