Investors finally seem to be turning bullish on the outlook for equity markets again. According to Bank of America, Merrill Lynch’s asset flows data, the last two weeks have seen the highest levels of inflows into equity funds this year.
Between 8 August and 18, August Bank of America registered $11.6 billion of equity fund inflows signalling a renewed risk-on attitude among investors.
HOW WARREN BUFFETT THINKS ABOUT RISK
However, investors continue to prefer passive over active investments. The “passion for passive” as Bank of America calls it shows no sign of slowing down.
While equity...
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