July 3, 2020 / 8:43 AM / a month ago

Money market funds see largest redemptions since December 19 - BofA

LONDON (Reuters) - Money market funds saw their largest redemptions since December 2019 in the week to Wednesday, BofA said in a report on Friday, while $7.1 billion was pulled out of equity funds.

BofA said its ‘Bull & Bear’ indicator was no longer in “buy” territory for the first time since March 17.

Investors also pumped $15.3 billion into bond funds and $2 billion into gold, the report showed.

Reporting by Julien Ponthus; editing by Simon Jessop

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