Based on a report from bank strategist Jill Carey Hall published on Tuesday, customers of Bank of America bought approximately $2.3 billion worth of American stocks last week.
Even though the note excluded mentioning the causes for the withdrawal, information gathered by Bank of America revealed that customers sold individual stocks as well as exchange-traded funds (ETFs) for the 2nd straight week, with sales occurring along a variety of customer groups, such as institutional, hedge fund managers, sales, and size sections.
The bank saw the largest real estate withdrawals until mid-2021 on worries about commercial property prices.
All types of exchange-traded funds (ETFs), such as development, price, and combination, as well as small, mid, and large-cap ETFs, had their largest flow until January.
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