Fund Flows Surge To Near Record Last Week

Fund flows surge and Fixed Income Funds in particular, are one of the beneficiaries

US funds and ETFs reported the highest total weekly inflows of the year last week according to Bank of America’s weekly funds flow report. Both equity and fixed income strategies attracted inflows which amounted to $23.6 billion overall for the week ending April 26, up significantly from the $1.13 billion inflow in the previous week. Last week’s inflows weren’t just a record for the year; they were one of the highest figures recorded ever. The total inflow of $23.6 billion was only marginally below the previous all-time high of $24.89 billion set by the week ended March 18, 2015.