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BofA Clients: Sixth Straight Week of U.S. Equity Inflows

Bank of America clients were net buyers of U.S. stocks and exchange-traded funds for a sixth consecutive week, the firm reported Tuesday.

Clients bought a net total $4.2 billion of U.S. stocks and ETFs last week, according to BofA.

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The inflows came as the market rallied, with the S&P 500 returning 4.7% last week.

  • Corporate clients and hedge funds were the biggest net buyers.

Meanwhile, institutional clients were net sellers last week.The technology sector had the biggest inflow, while financials saw the largest outflow.


Source: BofA/WSJ
Image: BofA