LONDON, May 17 (Reuters) - Investors poured money into
stocks and bonds in the week to Wednesday, favouring laggards
such as utilities, but pulling money from pricier parts of the
market such as technology stocks, BofA research showed on
Friday.
Equity funds saw $11.9 billion in inflows, while bond funds
drew in $11.7 billion, BofA said citing data from EPFR.
Within fixed income, Treasury inflation-protected securities
(TIPS) saw outflows of $700 million, the most in nine weeks.
Data on Wednesday showed U.S. consumer inflation moderated
in line with expectations in April, offering investors
confidence that a recent pickup in fuel prices has not
translated into an overall rise in consumer price pressures that
could delay much-anticipated rate cuts.