Equity Client Flow Trends

BofA clients were slight net sellers of US equities last week ($1.6bn), driven by record selling from hedge funds particularly in large-cap Tech.

Key Takeaways

• 1.BofA clients were net sellers of US equities ($1.6bn single stock outflows), driven by record selling from hedge fund clients.
• 2.Technology stocks saw the most significant selling, specifically by hedge funds, while other groups bought Tech.
• 3.Financials and Utilities led sector inflows, while Communication Services and Industrials joined Tech in seeing outflows.

Table of Contents

• 1st outflows in 3 weeks, driven by hedge funds
• Clients sold TMT vs. bought Financials
• ETFs: Large>SMID, Value>Growth
• Cumulative flows by year
• Weekly flows by client, sector, & size
• Corporate client buybacks
• ETF flow color
• Rolling four-week average trends by sector (single stock)
• Rolling four-week average trends by client type
• Rolling four-week average trends by market cap
• ETF flows: z-scores (3m and 1yr)
• Cumulative equity sector flows: single stock vs. ETF
• Cumulative Equity ETF flows by Size and Style
• BofA Equity Client Flow Trends Methodology

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