Iz članka:
If there’s a single stat to capture the insatiable appetite for stocks this year, it’s the sum of cash that went into equity funds.
Investors have poured almost $900 billion into equity exchange-traded and long-only funds in 2021 — exceeding the combined total from the past 19 years — according to analysts at Bank of America Corp. and EPFR Global.
It’s a data point that underscores just how extraordinary and record-breaking this year has been. The combination of cheap money and an economy roaring out of the pandemic set the stage of an unstoppable rally, with frenzied retail trading and a lack of other good investment options adding fuel to the fire.