In a note to clients on Thursday, Bank of America Merrill Lynch's chief investment strategist Michael Hartnett is clear: "Out with the safe, in with the risk." According to BAML, here is what clients are doing with their money: Europe: $5.8 billion has flowed into European stocks this week, with $21.6 billion coming in over the last six weeks to show the 2nd-highest allocation to eurozone stocks on BAML's record. High yield bonds: This was the 4th straight week of inflows to high yield bond fund...
In a note to clients on Thursday, Bank of America Merrill Lynch's chief investment strategist Michael Hartnett is clear: "Out with the safe, in with the risk." According to BAML, here is what clients are doing with their money: Europe: $5.8 billion has flowed into European stocks this week, with $21.6 billion coming in over the last six weeks to show the 2nd-highest allocation to eurozone stocks on BAML's record. High yield bonds: This was the 4th straight week of inflows to high yield bond fund...
Share this Article
Comment on this Article
Recommended
Please to comment