Bank of America announced that investors exited most asset classes during the past week, in light of fears of economic harm caused by the epidemic of the Corona virus.
According to Reuters, equity and bond funds saw a total displacement of $ 36 billion over the week ending Wednesday.
The stock markets have been in a wave of selling since mid-February, leaving the market about $ 6.5 trillion out of value, as the number of cases of the Corona virus is increasing at a greater rate.
Analysts at Bank of America, which is working on weekly data from the IFFR to monitor the flows, said that $ 23.3 billion was withdrawn from stock markets and $ 12.6 billion left the bond markets, the largest rate since December 2018. < / p>
The data also showed that risk averse investors withdrew $ 5.3 billion from emerging market stocks, the highest level in 30 weeks.
