Hedge Funds Buying Again, Private Inflows 6th Largest Since 2008: BAML

Last week, during which the S&P 500 (INDEXSP:.INX) climbed 0.9 percent to end the quarter back above 1600, BAML clients were net sellers of U.S. stocks for the second consecutive week, in the amount of $533mn. Net sales were led by institutional clients, which was also the case the previous week.

Hedge funds returned to net buying following three weeks of profit-taking, while private clients were also net buyers for the fifth consecutive week. Inflows by private clients were the largest since January and the sixth-largest in BAML data history (since 2008). Private clients remain the sole net buyers YTD, though inflows have been chiefly attributable to ETFs. By size segment, small caps saw outflows last week while large and mid caps saw...