Overview
- Bank of America data showed clients sold a record $14.2 billion of individual U.S. stocks in the week ending June 5, with technology names hit hardest.
- EPFR Global data cited by Bank of America recorded $17.2 billion of net outflows from U.S. stock funds in the week to July 1 as capital moved into international developed markets.
- LSEG Lipper fund data for the week to July 1 painted a different picture at the fund level, with $10.44 billion flowing into global equity funds and about $8.9 billion into technology sector funds.
- Investors also shifted into safer instruments, with global bond funds drawing $14.47 billion and money market funds taking in $32.55 billion, while clients kept buying equity ETFs for an 11th straight week.
- The mix of heavy single-name selling, renewed tech buying at the fund level, flows into Japan and Europe, and no notable inflows to cryptocurrency funds could reshape demand patterns for big-cap U.S. stocks and corporate buybacks in the weeks ahead.