BofA's institutional clients net buyers of US stocks for first time in 5 weeks
LONDON - BofA Securities clients last week were net buyers of U.S. stocks, to the tune of almost $6 billion, for the first time in five weeks in the 10th largest inflow since 2008, the bank said in a note released on Tuesday.BofA's institutional clients last week were net buyers for the first time in five weeks, while hedge funds and private clients were net sellers, the BoFA note said.
It added that tech and communication services stocks saw the largest inflows, while tech stocks saw inflows for the first time in four weeks.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BofA is increasingly bullish on this language-learning stockBofA is increasingly bullish on this language-learning stock
Read more »
This beauty stock offers 'attractive qualities in this weak consumer backdrop':BofAThis beauty stock offers 'attractive qualities in this weak consumer backdrop':BofA
Read more »
BofA says this stock is the 'premier aerospace play' set for outsized growthBofA says this stock is the 'premier aerospace play' set for outsized growth
Read more »
3 chip stocks to buy to play a rebound in SOX: BofA3 chip stocks to buy to play a rebound in SOX: BofA
Read more »
Markets are getting ahead of the Fed: BofAMarkets are getting ahead of the Fed: BofA
Read more »
4 software stocks to consider as they prepare to announce results4 software stocks to consider as they prepare to announce results - BofA
Read more »