May 17, 2019 / 10:25 AM / 2 months ago

Investors shun equities, pile into bonds in past week: BAML

An employee counts U.S. dollar bills at a money exchange office in central Cairo, Egypt, March 20, 2019. REUTERS/Mohamed Abd El Ghany/Files

LONDON (Reuters) - Investors pulled $19.5 billion out of equities in the week to May 15, while bonds added $5.1 billion in their 19th week of inflows, Bank of America Merrill Lynch strategists said on Friday.

Emerging market debt outflows reached $2.9 billion, the biggest since June 2018, BAML strategists said, citing EPFR flows data.

Reporting by Tom Arnold, editing by Karin Strohecker

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