Institutional Clients Continue To Miss Entire Market RallyRupert Hargreaves
For the fourth week in a row both hedge funds and private clients were net buyers of stocks while institutional investors were net sellers, that’s according to Bank of America Merrill Lynch’s weekly client equity flow trends research report.
The report notes that last week Bank of America clients brought $0.7 billion of ETFs but at the same time sold $0.2 billion of US single stocks, leading to net inflows of $0.9 . . .
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