RIO DE JANEIRO, BRAZIL - (Reuters) Brazilian investors are pouring a record amount of cash into local equity funds, while foreign investors notched up their sixth straight week of buying, Bank of America Merrill Lynch (BAML) said on Friday, January 24th.
Domestic investor inflows into Brazilian equity funds last week totaled US$5.4 (R$22) billion, the highest since the series started in 2014 and the 10th weekly inflow in a row, BAML said.
The average inflow over that 10-week period is US$3.5 billion, around double the weekly average of US$1.8 billion over the course . . .