BofA's institutional clients net buyers of US stocks for first time in 5 weeks

LONDON - BofA Securities clients last week were net buyers of U.S. stocks, to the tune of almost $6 billion, for the first time in five weeks in the 10th largest inflow since 2008, the bank said in a note released on Tuesday.BofA's institutional clients last week were net buyers for the first time in five weeks, while hedge funds and private clients were net sellers, the BoFA note said.

It added that tech and communication services stocks saw the largest inflows, while tech stocks saw inflows for the first time in four weeks.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

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