By Reuters Staff

       2 Min Read

       FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao

       LONDON (Reuters) - Bond funds enjoyed the largest inflows in three weeks at $12.7 billion in the week to Wednesday with investors putting a record amount of $3.2 billion into Treasury Inflation-Protected Securities (TIPS), BofA said on Friday.

       Tracing investor flows through EPFR data, BofA found that investment grade fixed income funds enjoyed their largest intake in three weeks at $6.7 billion while cash pulled in $25.1 billion.

       Equity funds attracted $23.2 billion with U.S. stocks enjoying the largest inflows in six weeks at $9.5 billion, BofA found. However, Europe suffered a second straight week of outflows at $200 million.

       “Global vaccines in 2021 now surpass 4 billion; but world stuck in new normal of variants, rolling regional lockdowns, closed borders, isolationism,” wrote Michael Hartnett in a note to clients.

       “As society’s goalpost for ‘substantial further progress’ on pandemic continue to shift, Wall St remains confident policy makers will continue to extend the $31 trillion of monetary & fiscal stimulus since March 20.”

       Reporting by Karin Strohecker; Editing by Rachel Armstrong

       Our Standards: The Thomson Reuters Trust Principles.