Buybacks double, hedge funds sellRupert Hargreaves
The bank's latest Equity Client Flow Trends report, which compiles the buying and selling actions of clients from Hedge funds, institutional investors and private clients, shows that last week clients were "net buyers of US equities for the second consecutive week, and similar to last week, bought both single stocks and ETFs."
Year-to-date, cumulative selling by BoA's hedge fund clients is $3.2 billion, or $621 million excluding ETFs. Net selling by institutional investors is $7.9 billion or -$1.5 billion (sales . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible