Bank of America strategists: Global equity funds attract record inflows

Bank of America strategists stated that global equity funds attracted a record $1.4 trillion in inflows this year, with U.S. equity funds attracting $656 billion, technology stocks attracting $222 billion, and South Korean stocks attracting $78 billion.

Despite bearish investor sentiment, few are shorting. Strategists maintain a defensive stance until interest rate hikes end and the financial environment loosens.