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BofA: Institutional investors buy big in US single stocks - Global Trading
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BofA: Institutional investors buy big in US single stocks - Global Trading
Clients purchased US$4.3 billion in single stock US equities at Bank of America last week, the firm said, marking a two-year record. The week also represented the group’s tenth largest inflows since 2008, BofA reported The majority of this activity went into large caps, BofA said, particularly looking at tech stocks (US$3.14 billion in inflows). This was led by institutional clients, who were buying for the second week in a row and reached the h…
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