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Bank Of America Client Flows Shows Continued Selling By Institutions & Private Clients, Hedge Funds Keeping Sales Alive Albeit Suppressed

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As everyone and their mother works to figure out what the actual valuation impact of a Brexit would be, Bank of America notes the negative sentiment prior to Brexit has left flows muted following "the decision" decidedly mute. Buyer flows were strongest in Discretionary names in the US and Cyclical/Defensive names saw pent up inflows.

However, the mid-caps were inflated by "broad-based buying" last week and that helped mid-caps register "their biggest inflows since February."

Related Link: Moody's Puts Sovereign Credit Default Fears On Blast

Cumulative Fund Flows:

Institutional Client Flows Ex-Pensions:

Corporate Net Buys:

Rolling 4-Wk Average Flows By Sector:

Posted-In: Bank of America BrexitAnalyst Color Hedge Funds Markets Analyst Ratings General


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