Investors Sell All Except Energy Stocks: BofAML

Equity clients are on a selling spree, according to BofAML’s latest Equity Client Flow Trends report. The report, which is dated April 26, states that BofAML’s clients were net sellers for the 13 consecutive week, making it their longest selling run in their history. BofAML’s clients include hedge funds, institutional investors and private equity investors.

Energy stocks see consistent buying from clients

The selling mania hasn’t extended to the Energy sector though, says the report, as clients bought another $200 million worth of Energy stocks. While investors sold in nine out of the ten sectors in BofAML’s portfolio, The Energy sector still saw net inflows. It seems the rebound in oil prices...