Bank of America Clients Flee US Stocks for Third Straight Week
BofA clients pulled out of US equities for a third consecutive week, even as the stock market extended this year’s push higher.
BofA clients pulled out of US equities for a third consecutive week, even as the stock market extended this year’s push higher.
Investor allocation to equities relative to bonds has dropped to its lowest level since the global financial crisis.
Investors have moved $538 billion into cash funds over the past eight weeks as they pulled money out of bank deposits after the collapse of SVB.
Stocks had a banner start to the year, but exchange-traded fund investors seemingly never got the memo.
(Bloomberg) - From meme stocks to crypto-themed products, exchange-traded fund closures are mounting in what were once some of the trendiest areas of the $6.8 trillion industry.
In battle for biggest prize in China’s trillion-dollar pension market, BlackRock and other global firms have little chance of clients like Judy Deng.
"Those who manage to stay the course and keep Article 9 products on the market in Europe look set to benefit." Julia Vergauwen, attorney, Linklaters.