LONDON, Dec 2 Reuters Equity funds suffered a 14.1 billion outflow in the week to Wednesday in the largest exit in three months, BofA Global Research said in a note on Friday.

U.S. equity funds saw an 16.2 billion outflow, the biggest since April, the latest flow data from BofA also showed.

Bond funds also saw outflows, to the tune of 2.4 billion, while cash funds attracted 31.1 billion inflows and gold funds added 59 million, BofA said citing EPFR data.

In its weekly note, BofA noted that outflows from credit funds in 2022 of 316 billion have unwound all the inflows of 2021. It added that while equity funds have seen inflows this year of some 207 billion, this was down from the euphoric inflows seen last year.

In emerging markets, BofA said bonds had a 15th week of outflows, losing 500 million, while equities attracted 1.1 billion of inflows.

BofA39;s bull bear indicator meaning jumped to 2.0 from 1.4, meaning a buy signal for risk assets is close to an end.

Reporting by Dhara Ranasinghe, editing by Karin Strohecker

Source Reuters