Bank of America data shows that last week the US stock market recorded its sixth largest weekly inflow since 2008, marking the largest scale since mid-July. BofA strategist Jill Carey Hall noted that this round of inflows was primarily driven by institutional investors and hedge fund clients, with net buying of US stocks for the second consecutive week, focusing mainly on individual stocks and equity ETFs. In terms of sectors, 8 out of the 11 sectors in the S&P 500 saw net inflows, with the technology sector leading the gains, while the communication services sector recorded its first inflow in five weeks. The industrial sector experienced the largest outflow, facing selling for the fifth consecutive week, with Hall stating that this sector is the most competitive and has the highest costs. In terms of stock preferences, clients favored large and mid-cap stocks while selling small-cap stocks. In contrast to professional institutions, private clients have been net sellers of stocks for the sixth consecutive week.
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