Hedge Funds Buying Again, Private Inflows 6th Largest Since 2008: BAML

Last week, during which the S&P 500 (INDEXSP:.INX) climbed 0.9 percent to end the quarter back above 1600, BAML clients were net sellers of U.S. stocks for the second consecutive week, in the amount of $533mn. Net sales were led by institutional clients, which was also the case the previous week. Hedge funds returned to net buying following three weeks of profit-taking, while private clients were also net buyers for the fifth consecutive week. Inflows by private clients were the largest since January and the sixth-largest in BAML data history (since 2008). Private clients remain the sole net buyers YTD, though inflows have been chiefly attributable to…