News Desk
ISLAMABAD: According to information released on Friday by BofA Global Research Investors, following the reopening of China reopening has record inflows into funds of emerging markets. It reported that an inflow of $12.7 into debt and equity funds.
China’s sudden rethink of its Covid-19 restrictions has resulted in a boost of a number of asset classes including commodities and mining stocks, currencies, and equity markets in destinations that are popular with tourists.
China reopening increases inflows of emerging markets
The research data also revealed weekly flows of $7.5 billion into equities, $14.4 billion into bond funds, $0.6 billion from gold, and $0.6 billion into cash.
European equities witnessed their first weekly inflow in nearly a year. BofA said the first inflows to European stock funds in 49 weeks amounted to $0.2 billion.
