{"id":530802,"date":"2022-12-24T00:14:00","date_gmt":"2022-12-23T21:14:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/the-tell-equity-funds-suffer-largest-ever-weekly-outflows-bofa-global\/"},"modified":"2022-12-24T00:14:00","modified_gmt":"2022-12-23T21:14:00","slug":"the-tell-equity-funds-suffer-largest-ever-weekly-outflows-bofa-global","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/the-tell-equity-funds-suffer-largest-ever-weekly-outflows-bofa-global\/","title":{"rendered":"#The Tell: Equity funds suffer largest ever weekly outflows: BofA Global"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a314de3e95bd\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a314de3e95bd\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/the-tell-equity-funds-suffer-largest-ever-weekly-outflows-bofa-global\/#%E2%80%9CThe_Tell_Equity_funds_suffer_largest_ever_weekly_outflows_BofA_Global%E2%80%9D\" >&#8220;The Tell: Equity funds suffer largest ever weekly outflows: BofA Global&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/the-tell-equity-funds-suffer-largest-ever-weekly-outflows-bofa-global\/#Investors_dumped_equities_at_a_record_pace_in_the_past_week\" >Investors dumped equities at a record pace in the past week<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/the-tell-equity-funds-suffer-largest-ever-weekly-outflows-bofa-global\/#SOURCE_BOFA_GLOBAL_INVESTMENT_STRATEGY_BLOOMBERG\" >SOURCE: BOFA GLOBAL INVESTMENT STRATEGY, BLOOMBERG<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/the-tell-equity-funds-suffer-largest-ever-weekly-outflows-bofa-global\/#Isabel_Wang\" >Isabel Wang<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CThe_Tell_Equity_funds_suffer_largest_ever_weekly_outflows_BofA_Global%E2%80%9D\"><\/span>&#8220;The Tell: Equity funds suffer largest ever weekly outflows: BofA Global&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Investors_dumped_equities_at_a_record_pace_in_the_past_week\"><\/span>\n  Investors dumped equities at a record pace in the past week<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap crawler\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0001509624\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0001509624\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Investors withdrew billions of dollars from equity funds at a record pace in the days after the Federal Reserve, the Bank of England and European Central bank raised interest rates in mid-December and reiterated their commitment to lowering inflation, fueling fears of an economic downturn.\u00a0<\/p>\n<p> Stock funds recorded the biggest ever weekly outflows of $41.9 billion in the week to December 21, with $27.8 billion of which being withdrawn from exchanged traded funds and $14.1 billion from mutual funds, according to analysts at BofA Global Research, citing EPFR Global data in a weekly note.\u00a0<\/p>\n<div class=\"paywall\">\n       BofA analysts led by Michael Hartnett, chief investment strategist, attributed the sell-off to \u201ctax loss harvesting,\u201d a strategy that includes deliberately selling an investment at a loss in order to use that loss to offset taxes owed on investment gains.\u00a0<\/p>\n<p>Meanwhile, passive equity funds saw total outflows of $27.8 billion in the week to Wednesday, while U.S. value funds recorded a weekly outflow of $17.2 billion (see chart below). Both were the biggest sell-off on record.<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:68.28571428571428%;\" data-subtype=\"photo\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-691979?width=540&amp;size=1.4645308924485125 540w, https:\/\/images.mktw.net\/im-691979?width=620&amp;size=1.4645308924485125 620w, https:\/\/images.mktw.net\/im-691979?width=639&amp;size=1.4645308924485125 639w, https:\/\/images.mktw.net\/im-691979?width=700&amp;size=1.4645308924485125 700w, https:\/\/images.mktw.net\/im-691979?width=700&amp;size=1.4645308924485125&amp;pixel_ratio=1.5 1050w, https:\/\/images.mktw.net\/im-691979?width=700&amp;size=1.4645308924485125&amp;pixel_ratio=2 1400w, https:\/\/images.mktw.net\/im-691979?width=700&amp;size=1.4645308924485125&amp;pixel_ratio=3 2100w\" sizes=\"(max-width: 639px) 100vw, (max-width: 979px) 620px, (max-width: 1299px) 540px, 700px\" src=\"https:\/\/images.mktw.net\/im-691979?width=700&amp;height=478\" alt=\"\" title=\"\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\"><span class=\"ez-toc-section\" id=\"SOURCE_BOFA_GLOBAL_INVESTMENT_STRATEGY_BLOOMBERG\"><\/span>SOURCE: BOFA GLOBAL INVESTMENT STRATEGY, BLOOMBERG<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/figcaption><\/figure>\n<\/div>\n<p>       The BofA\u2019s Bull &amp; Bear Indicator dipped to 3.0 from 3.1 last week, driven by the first bond fund outflows in three weeks. Bond funds recorded net outflows of $10 billion.<\/p>\n<p>For the year however, BofA said equity funds saw total inflows of $166.5 billion. In contrast, bond funds recorded outflows of $257.1 billion.<\/p>\n<p>U.S. stock indexes have fallen since Wednesday last week when the Federal Reserve raised its benchmark interest rate at a slower pace to a range of 4.25% to 4.50%, but projected a higher-than-expected terminal rate in 2023. <\/p>\n<p>Not long after the decision, central banks in Europe followed the Federal Reserve in slowing the pace of interest rate increases. Both the European Central Bank and Bank of England hiked their key lending rates by 50 basis points and policy makers at the ECB emphasized that market participants should prepare for a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of rate increases to come.\u00a0<\/p>\n<p><strong>See:<\/strong>\u00a0Here\u2019s how U.S. investors can position themselves for the sea change out of Japan, according to Bank of America and Citi<\/p>\n<p>Earlier this week also, the Bank of Japan (BoJ) stunned markets with an unexpected change to its controversial yield curve control policy. The BoJ, an outlier among major central banks for having maintained rates at the zero lower bound, doubled the cap on the country\u2019s 10-year bond yield<br \/>\n        TMBMKJP-10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">0.383%<\/bg-quote><br \/>\n       from 0.25% to 0.5%, whacking equities in the region and triggering big swings in the U.S. stock market.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Strategists at BofA said they are bullish on commodities instead of credit, and preferred \u201crest of the world\u201d stocks over U.S. stocks, while favoring small-cap over large-cap.\u00a0<\/p>\n<p>Sector wise, they preferred value over growth stocks, and industrials and banks over <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> and private equity.\u00a0<\/p>\n<p><strong>See: <\/strong>A stock market indicator with one of the best track records has rare good <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> for investors<\/p>\n<p>U.S. stocks ended the week mostly lower\u00a0on Friday. The Dow Jones Industrial Average\u00a0<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"positive\">+0.53%<\/bg-quote><br \/>\n      \u00a0booked a weekly gain of 0.9%, while the Nasdaq Composite\u00a0<br \/>\n        COMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598365\/realtime\" class=\"positive\">+0.21%<\/bg-quote><br \/>\n       shed nearly 2% and the S&amp;P 500<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"positive\">+0.59%<\/bg-quote><br \/>\n       was down 0.2% for the week, according to Dow Jones Market Data.\u00a0<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Isabel Wang\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/topics\/journalists\/isabel-wang\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/Isabelxwang\",\"text\":\"@Isabelxwang\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Isabel_Wang\"><\/span>Isabel Wang<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><ufc-follow-author-widget product=\"marketwatch\" author-id=\"272_MW\" author-name=\"Isabel Wang\" signin-url=\"https:\/\/accounts.marketwatch.com\/login?target=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fequity-funds-suffer-largest-ever-weekly-outflows-bofa-global-11671819682%3Frss%3D1%26siteid%3Drss\" panda-api=\"https:\/\/follow-api.marketwatch.com\"><\/ufc-follow-author-widget><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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