BNY Warns Persisting Inflation Tilt in US Equity Flows
BNY's iFlow data shows that client flows into US equities remain biased toward inflation risk, even as inflows into direct inflation hedges have declined.
According to BNY strategist Geoff Yu, client flows into US equities continue to reflect an inflation tilt, despite a drop in inflows to traditional inflation-hedging sectors.
The bank's iFlow equity inflation style indicator reveals a wide gap between flows into inflation-sensitive equities and those into falling direct hedge categories, suggesting persistent positioning for inflation risk.
Yu’s remarks come as markets digest the ongoing inflation narrative and its effect on equity allocations.
Source: FXStreet Forex News