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Highs Before Valentine’s Day
Nearly $50 billion flowed into global equity funds over the past four weeks, according to BofA's analysis of EPFR data.
The latest weekly flows point to growing conviction in US shares, which were out of favor in January as investors bet on outperformance from European and emerging market equities. US funds took in almost $7 billion last week, the second straight weekly inflow. Despite the Nasdaq's buoyant start to 2023, tech saw a 10th straight week of outflows. European and EM shares extended
