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BoA: Buybacks Dominate The Market As All Other Client Groups Sell

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Rupert Hargreaves
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According to flows data from Bank of America Merrill Lynch, corporates have been the largest buyers of single stocks year to date. According to the bank's Equity Client Flow trends report, published on March 19th, in the previous week Bank of America clients were net buyers of US equities for the second consecutive week.

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However, private and institutional clients were net sellers of US equities for the 8th straight week hedge funds also turned net sellers for the first time in five weeks. As all of the other client groups sold,...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha