Enthusiasm For Small-Cap Stocks Wearing Thin: BofAML

Small-cap stocks have witnessed record inflows since late 2014, though they are finally beginning to see flows reverse course with outflows most weeks since mid-May, notes BofAML. Jilly Carey Hall and team at Bank of America Merrill Lynch published a research report after tracking BofAML equity client flows into U.S. stocks between June 8 and June 12. Small-cap stocks: Clients bought in all three size segments The analysts note BofAML clients were net buyers of U.S. stocks last week for the fourth consecutive week in the amount of $206 million. They point out that institutional clients were net buyers for…