Bank of America Clients Resume Stock Purchases After De-Risking
Last week, Bank of America Securities clients resumed buying U.S. equities after a period of de-risking. Record cash flows were directed toward mid-cap stocks and healthcare sectors while industrials saw significant outflows. The inflows into mid-cap (IJH) and small-cap value (VO) stocks marked record levels, whereas the sell-off in industrial sector (XLI) assets reached unprecedented rates. Overall equity purchases totaled $1.3 billion in single stocks as investors shifted their focus to more defensive areas of the market. The shift highlights a strategic reallocation by institutional clients toward perceived safer or growth-oriented sectors amid ongoing macroeconomic uncertainty.
Topics: equities healthcare industrials mid-cap