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Bank of America

Tech and financials boost $46.2bn flows into global equity funds: BofA

Tech and financials boost $46.2bn flows into global equity funds: BofA

  • The data, collected by EPFR before a rise in US real-yields triggered a global stock market correction on Thursday, also showed bond funds attracted $7.1 billion in a 16th straight week of inflows and Treasury Inflation-Protected Securities (TIPS) added $1.3 billion.
  • Meanwhile investors pulled $5.5 billion out of cash and withdrew $500 million from gold funds.
Published 26 Feb, 2021 07:26pm
BofA hikes 2021 Brent price view by $10/bbl on strong oil balances
Business & Finance

BofA hikes 2021 Brent price view by $10/bbl on strong oil balances

  • The bank now expects Brent crude oil to average $60 per barrel in 2021, up from a previous estimate of $50. BofA also forecasts West Texas Intermediate (WTI) crude prices to average $57 a barrel this year.
  • Brent prices could temporarily spike to $70 a barrel in the second quarter of the year, the bank's analysts said in a note.
Published 23 Feb, 2021 07:01pm
Bitcoin, US tech stocks seen as biggest market bubbles
Markets

Bitcoin, US tech stocks seen as biggest market bubbles

  • According to nearly 90% of respondents in Deutsche Bank's monthly money-manager study.
  • The cryptocoin hit a record high $40,000 earlier this month, having rallied more than 900% since a low in March and having only just breached $20,000 in mid-December.
Published 19 Jan, 2021 07:11pm