Bank of America: Equity funds attracted $ 27.8 billion in inflows in a week

The influx has pushed technology stocks to record highs.

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Bank of America said yesterday that a record scramble for the shares of major technology companies saw equity funds attract $ 27.8 billion in inflows last week, in light of the ultra-easy monetary policy resulting in asset bubbles, bigger than ever.

The bank added that the global market value has increased by 50 trillion dollars, or the equivalent of 6.2 billion dollars per hour, since last March, registering an almost 10 times faster pace, compared to the one recorded in the immediate aftermath of the global financial crisis in 2008.

And the unprecedented amounts of cash pumped by policymakers into global financial markets pushed shares of major technology companies to record highs.

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