BAML - Equity funds suck in £15 billion amid cautious return of risk appetite

LONDON (Reuters) - Investors pumping $19.2 billion (£15.1 billion) into equity funds in a second week of healthy inflows pointed to a nascent risk appetite, though inflows into high-yield and emerging market debt showed an unabated hunt for yield, said Bank of America Merrill Lynch.Equity fund inflows over the past two weeks now amounted to $34 billion versus redemptions of $10 billion from government bond funds, which signalled "risk-on", BAML wrote in its weekly note published on Friday and..