equity: In contrast, such investors are showing a need for yield that has led to inflows of more than 10 billion corporate debt, a big contrast to outflows of 13.2 billion from U.S. stocks, 4 billion from EU stocks and 0.4 billion from emerging market stocks, he wrote, according to Market Watch. Such equity fund outflows have been the norm throughout 2019, with U.S. equity funds posting 8 weeks of outflows over the past 12 weeks as investors continue to sell into recent gains for the U.S. equity markets, wrote Cameron Brandt director of research at EPFR Global, in an email. There's simply no love for stocks in today's environment among mutual fund and ETF investors, Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch, wrote in a note to clients. With 11 weeks of the first quarter gone, flows for EPFR-tracked equity and bond Funds continue to head briskly in opposite directions, he added. Caption outside of wrapper for normal article images Brandt notes that these outflows exist in contrast to the performance of major stock benchmarks in the U.S. and in other developed economies. Year-to-date, bond funds have based on weekly data absorbed a net 118 billion while equity funds have seen over 60 billion flow out.
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