Global equity funds attracted cash outflows of $98 billion during the week ended Nov. 11, the second-largest weekly outflow on record.
This represents the fifth consecutive week of positive inflows, bringing their total to about $350 billion.
As a result, the four-week moving average of cash flows rose to about $75 billion, the highest level ever recorded.
By comparison, the 4-week moving average of inflows peaked at about $45 billion during the "meme stock mania" in 2021, according to Bank of America Global Investment Strategy.
Meanwhile, global technology stock funds withdrew $2.6 billion during the week ended Nov. 11, bringing total inflows into them over the past three weeks to $9.1 billion.
Investors show a strong desire to buy at every drop in prices.