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

November 12th: Bank of America declared that in the previous week, institutional clients were net purchasers of US stocks. ETFs witnessed an inflow of $4.3 billion, which was the largest since December 2022. Although they sold $2.6 billion worth of individual stocks during the same period. Institutional investors were the only net buyers, while hedge funds and retail investors opted to sell stocks. Industry fund flows exhibited 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 remained below seasonal levels compared to previous years, institutional investors have replaced retail investors as the primary buyers during market dips this year.