Active Mutual Funds Outperform In September But Lag For The QuarterRupert Hargreaves
According to Bank of America Merrill Lynch's latest Equity Client Flow Trends report, investors across the board have continued to dump US equities in 2018, extending the decade-long trend out of equities and into ETFs.
According to the bank data, for the year to the beginning of October, the bank's retail and institutional clients have been net sellers of US equities to the tune of $33.4 billion year-to-date. If we include ETF data in the numbers, BoA's clients have only sold a net $18 billion indicating that investors are rotating out of single stocks and into ETFs.
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