Investors still pouring into cash, but pace slows: BofA

Investors are showing greater confidence in the market, causing them to slow down inflows into cash funds, according to a BofA report. A total of $25.1bn went into cash in the past week, but only $151bn has gone into money market funds in the past four weeks compared to $404bn after the collapse of Silicon Valley Bank. The report also showed U.S. Treasuries clocking up 14 weeks of inflows. Investors preferred investment grade bonds to high yield bonds and invested $1.1bn into tech stocks but pulled $700 million from financial funds.

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