BofA Securities – Equity Client Flow Trends

The report focuses on equity client flow trends, analyzing how different types of clients (retail, institutional, hedge funds) interact with the equity market.

Key findings include: retail clients continue to buy equities, while institutional and hedge fund clients have returned to selling. Equity buying is observed across all three size segments. Consumer sectors show outflows, while technology and communication services show the largest inflows. Despite concerns about recession or stagflation, the utilities sector experiences consistent outflows.