Express
Bank of America: Institutional Investors Buying US Stocks on Dips, Hedge Funds and Retail Investors Selling
Summary: In a recent report, Bank of America stated that institutional clients were net buyers of US stocks last week, with ETF inflows of $4.3 billion, the largest since December 2022, despite selling individual stocks worth $2.6 billion during the same period. Institutional investors were the only net buyers, while hedge funds and retail investors chose ...
In a recent report, Bank of America stated that institutional clients were net buyers of US stocks last week, with ETF inflows of $4.3 billion, the largest since December 2022, despite selling individual stocks worth $2.6 billion during the same period. Institutional investors were the only net buyers, while hedge funds and retail investors chose to sell stocks. Defensive industry fund flows were observed, with outflows in the technology and communication services sectors, and inflows in essential consumer goods and healthcare sectors. Bank of America noted that institutional investors have become the main buyers on dips this year, as corporate buyback levels remain below seasonal levels from previous years, replacing retail investors.
Tags:
Link: Bank of America: Institutional Investors Buying US Stocks on Dips, Hedge Funds and Retail Investors Selling [Copy]
