According to BofA's weekly cash flow report, investors boosted buying equities and pulled money out of bonds and cash as inflows into stock markets stayed stable.
As a result, for 20 of the 23 trading days this year, pure inflows into equities exceeded $106 billion.
On a weekly basis, European stock markets had the largest fund inflows since May 2017, and emerging markets had net inflows for the past seven weeks.
By contrast, fixed income markets experienced outflows, except for government bond funds.
Cash rates also were up, albeit there has been no risk-off mood in equity flows for now. BofA's "private clients," who manage $3.2 trillion in assets, had 11.7% cash, though clients were net buyers of equities for nine weeks.
