Reuters reports that BofA's weekly fund flow data showed that equity funds attracted their third largest inflow on record at $46.2 billion in the week to Wednesday, led by flows into tech and financial stocks.

Bond funds attracted $7.1 billion in a 16th straight week of inflows while Treasury Inflation-Protected Securities (TIPS)added $1.3 billion, BofA found, citing EPFR data gathered before the latest spike in real yields triggered a stock market selloff.

In equities, U.S. stocks raked in $20.4 billion while emerging markets enjoyed record inflows of $11.6 bln into debt and equity.