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Merrill Lynch: Investors Pulled $15 Billion During US / China Dispute

Stockhouse Editorial
0 Comments| July 4, 2019

After near record selling in the United States, investors pulled $15.1 billion (USD) from equity funds, according to Bank of America Merrill Lynch (NYSE:BAC).

The bank added that investors put $6.3 billion into bonds in the four trading days leading up to July 2nd.

Last Friday was the fifth-largest day of US equity selling worth $15.7 billion. This came ahead of the G20 summit where Presidents Donald Trump and China's Xi Jinping met to negotiate their trade dispute.

The US had the biggest losses, worth $13.8 billion. Equity outflows included $10.9 billion from ETFs and $4.2 billion from mutual funds.



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