© Reuters. FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. REUTERS/Kevin Lamarque/File Photo
LONDON (Reuters) – U.S. Treasury funds recorded their first outflow since February in the week to Wednesday, as global investors shed $1 billion of the government bonds and piled into stocks, according to Bank of America and data provider EPFR on Friday.
Investors snapped up $23.5 billion in stocks in the week to Nov. 15, marking the second largest weekly inflow into equities of 2023. U.S. large cap stocks also clocked their largest inflow since February 2022, with $23.7 billion.
Cash funds saw inflows of $20.5 billion, and overall investors bought $2.6 billion in bonds week on week. Meanwhile, gold fund saw outflows of $400 million, BofA said.
