Stock picker's market sprouts as investors snap up single shares: BofA

Investors are snapping up single stocks and moving away from index funds as they target buying opportunities in the US equity market.

Inflows into single stocks cumulatively have climbed to $25 billion on a year-to-date basis while, outflows from exchange-traded funds have reached $9 billion – the widest gap since the global financial crisis, Bank of America Securities said in a Tuesday note about flow trends. The figures point to the"first sign of a stock picker's market since 2008," Jill Carey Hall, who leads BofA's small and mid-cap strategy, said in a weekly update capturing activity among its clients.

Tech stocks are drawing in the most investment money so far this year. Shares of mega-tech companies have climbed recently following better-than-expected earnings reports, with the batch including

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Tesla stock resumes rally, as Rivian’s results and broader stock market rally provide supportShares of Tesla Inc. rallied 3.0% toward a three-week high in morning trading Wednesday, as better-than-expected results from fellow electric vehicle maker...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

Stock market news today: April CPI report, debt ceiling limit top of mindUS stocks trade mixed as investors prepare for April inflation data and debt ceiling showdown
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Asian Stock Market: Manifests strength despite uncertainty over US debt ceiling talks, oil rally pausesAsian Stock Market: Manifests strength despite uncertainty over US debt ceiling talks, oil rally pauses – by Sagar_Dua24 Asia Oil Nikkei TradeBalance DollarIndex
Источник: FXStreetNews - 🏆 14. / 72 Прочитайте больше »