INVESTORS are on track to have put US$1.3 trillion into cash funds in 2023, according to Bank of Americ (BofA) a and data provider EPFR.
BoFA’s weekly Flow Shows report said that investors put US$64.2bil into cash funds in the week to Wednesday. They pulled US$3.4bil from equity funds across the week, while putting US$4.5bil into bonds.
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