With 63 percent of MSCI's global index now in a "bear" market, world stocks look oversold but global equity funds nevertheless attracted inflows of $8.5 billion over the past week, Bank of America Merrill Lynch said on Friday.
U.S. fund investors snapped up shares of stock funds during the latest week despite wild trading, adding $4.2 billion to the products, according to Lipper data on Thursday.
(This version of the Sept. 10 story corrects description of Nick Barnes in paragraph 2, also corrects names of founders to Taylor, Eoghan Flanagan and Rory Landman in paragraph 18)
Private equity firm KKR & Co Inc sees the chance to take advantage of the recent U.S. stock market plunge to make acquisitions, co-President and co-Chief Operating Officer Scott Nuttall said on Thursday.
UBS Group AG's Wealth Management Americas unit said on Thursday it will roll out a new software platform to its U.S.-based financial advisers and staff that will allow the Swiss bank to split some tech costs with other firms.
