Bank of America: Institutional Investors Buying US Stocks on Dip, Hedge Funds and Retail Investors Selling

BlockBeats News, November 12th: Bank of America stated that last week institutional clients were net buyers of US stocks, with ETF inflows of $4.3 billion, the largest since December 2022, despite selling $2.6 billion worth of individual stocks during the same period. Institutional investors were the sole net buyers, while hedge funds and retail investors chose to sell stocks. Industry fund flows showed a defensive trend, with outflows from the technology and communication services sectors and inflows into the consumer staples and healthcare sectors. Bank of America pointed out that as corporate buyback volumes remain below seasonal levels compared to previous years, institutional investors have replaced retail investors as the primary dip buyers this year.