Global equity funds attracted $14.8 billion last week, Bank of America Global said on Friday, as investors stormed back to risky assets after US-China agreed on a trade truce and a clear majority in the UK election cleared Brexit fog.
UK equity funds sucked in $1.1 billion in the week to Wednesday as Boris Johnson's thumping victory led to hopes that Britain would exit the European Union with a deal next year. British mid-cap stocks index FTSE 250 soared to record highs last Friday.
Investors said the scale of Johnson's victory may be enough to draw back billions of pounds of investment that have sidestepped UK stocks for years.
However, fears that the UK PM will take a hard line on trade talks with the EU has dented gains in the pound and UK stocks.
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