According to ME News, one week after U.S. Bank’s hedge fund clients purchased U.S. equities at nearly record levels on August 12 (UTC+8), investment levels reached their highest since 2008. In a research report led by strategist Jill Carey Hall, the bank noted that for the week ending August 7, clients posted their sixth consecutive week of net purchases of U.S. equities, injecting $4.1 billion into ETFs while withdrawing $2.4 billion from individual stocks. During the same period, both institutional and retail clients net sold, while corporate clients accelerated share buybacks. Clients sold off seven of eleven sectors, with the largest outflows in industrials, while the technology sector recorded its second-largest weekly inflow on record. (Source: BlockBeats)
Bank of America hedge fund clients bought U.S. stocks at the highest weekly level since 2008.
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Summary
Bank of America’s hedge fund clients reached a 14-year high in weekly net buying of U.S. stocks for the week ending August 7, with $4.1 billion flowing into ETFs and $2.4 billion withdrawn from individual stocks. Value investing in crypto remains a key focus, as clients increased their positions for the sixth consecutive week. Institutional and retail investors sold, while corporate clients ramped up buybacks. Seven of 11 sectors experienced outflows, with industrials leading the decline, while technology attracted the second-largest inflow on record. Support and resistance levels in major indices are being closely monitored as buying momentum strengthens.
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