ETFs saw largest inflows last week in 11 months - BofA
This inflow was primarily directed towards ETFs, marking the largest inflow since December 2022, while single stocks saw outflows for the second consecutive week.
Technology and Financials were the leading sectors with outflows, with Technology experiencing outflows for the second week in a row. Consumer Discretionary led inflows, rebounding after experiencing selling in the prior week. ETF inflows were witnessed across all styles, including Blend, Growth, and Value ETFs, as well as Large Cap, Small Cap, and Broad Market ETFs. Value-style ETFs continued to experience inflows for the 19th consecutive week, while the bank’s clients sold Mid Cap ETFs.
Corporate client buybacks accelerated during the week. However, these buybacks have consistently tracked below seasonal trends every week since May, according to analysts.
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