BofA Securities clients were net buyers of US equities last week after three weeks of outflows, led by $5.3 billion in equity ETF inflows. Institutional investors and hedge funds bought shares, while retail investors sold for a fourth straight week.
BofA Securities clients were net buyers of US equities after the S&P 500 fell 2.7% last week, its biggest weekly decline since the April 2025 selloff. Equity ETF inflows totaled $5.3 billion, the fourth-largest weekly buying spree on record, more than offsetting about $0.4 billion in outflows from individual stocks.
Institutional investors led buying after heavy selling in October, and hedge funds bought equities for the first time in four weeks. Retail investors remained sellers for a fourth straight week. Clients favored large-cap stocks and trimmed small- and mid-cap exposure.
Financials drew the strongest inflows, and clients bought technology stocks for the first time in four weeks. Industrials led sector outflows for a 15th consecutive week, while communication services shares were sold for a fourth straight week. Buybacks slowed, and rolling 52-week repurchases as a share of S&P 500 market capitalization fell to their lowest level since August 2021.
