BoA: Cash Levels Show Market Sentiment Remains Subdued

Even though equity markets around the world continue to march higher, and show no signs of slowing down anytime soon, it seems investors would still instead invest in bonds. According to the latest issue of Bank of America’s Flow Show Report, during the first week of January, investors withdrew $4.5 billion from equity funds ($3.9 billion ETFs and $0.7 billion mutual funds) and deposited $9.2 billion with bond funds. These flows are a stark reversal from the week before when investors banked $14.4 billion in equity funds and only $1.2 billion in bond funds. [singleton] Last week’s positive bond flow marks…