A note from bank strategist Jill Carey Hall says Bank of America clients sold roughly $2.3 billion in U.S. equities last week.
Amid concerns over commercial real estate, the bank recorded the biggest real estate outflows since mid-2021.
Meanwhile, exchange-traded funds posted their biggest outflow since January across all styles including growth, value, and blend and across small, mid, and large cap ETFs.The bank said buybacks accelerated as client repurchases gained steam and were slightly above seasonal trends for the first time in ten weeks.
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