Bank of America said that money market funds saw the largest inflow of funds since January, while inflows into investment-grade bond and high-yield bond funds hit a new high since June 2020. According to EPFR Global data cited by Bank of America, in the week ending August 6: Cash assets attracted $106.7 billion, bonds attracted $28.5 billion; gold saw outflows of $2 billion, cryptocurrencies saw outflows of $19 billion, the largest single-week outflow since March; stock market outflows were $41.7 billion, but this was entirely driven by the exceptional redemption outflows of three UK-registered funds on July 31.
