Massive Divergence Between Passive And Active Flows

equity funds – Equity, bond, and emerging market debt funds were the assets investors bought last week according to Bank of America Merrill Lynch’s September 29 Flow Show report. The report, which is compiled by Bank of America’s chief investment strategist Michael Hartnett, is published on a weekly basis and gathers together all of the US funds flows data for the previous week. Risk-on rally sends investors back to equity funds Last week’s issue showed investors have now moved to a risk-on stance after defensive posturing for much of the year. Indeed, last week equity funds attracted $5.6 billion of…