TechFlow news, November 12 — Bank of America said last week institutional clients were net buyers of U.S. equities, with ETF inflows reaching $4.3 billion, the highest level since December 2022, despite selling $2.6 billion in individual stocks. Institutions were the only net buying group, while hedge funds and retail investors were net sellers. Sector fund flows showed a defensive tilt: technology and communication services saw outflows, while consumer staples and healthcare attracted inflows. Bank of America noted that institutional investors have replaced retail investors this year as the primary "buyers on dips," while corporate stock buyback volumes remain below typical seasonal levels. (Jinshi)
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