Investors pulled $2.8 billion from stock funds in the week ending Wednesday, marking the largest outflow year-to-date, according to Bank of America citing EPFR data. U.S. stocks experienced outflows totaling $2.5 billion, while European equities saw inflows of $5 billion during the same period. Real estate stocks recorded their largest outflow since May 2022, with $1.2 billion withdrawn. Meanwhile, U.S. government bonds attracted $6.4 billion, the biggest weekly inflow since August. ETF flows indicate a shift in investor preferences, with significant inflows into European equities over the past five weeks, marking the largest inflow in a decade. Hedge funds also saw their largest equity outflows since 2021. Notable ETF flows over the past seven days include $SPY with $8.0 billion, $VOO with $7.9 billion, $TQQQ with $5.2 billion, $BIL with $2.4 billion, and $IVV with an outflow of $2.2 billion.