Institutional Clients Buy The Rally: BAML

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Last week, institutional clients were the sole net buyers following three weeks of selling, while hedge funds conversely turned into net sellers after three weeks of buying, notes Bank of America Merrill Lynch. In their weekly report dated April 28, capturing an aggregated view of BofA Merrill Lynch client trading flows into U.S. stocks executed by the cash equities business of the firm, Jill Carey Hall and team at BAML points out that buying by corporations and institutions offset that of hedge funds and retail selling. BAML clients were net buyers for second week The BAML analysts report that on the…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports