
In a notable shift in investor sentiment, U.S. stocks and cryptocurrency funds experienced substantial outflows. According to Bank of America (BofA) data, U.S. stocks saw their largest weekly outflow of the year, totaling $2.5 billion, while individual stocks recorded net withdrawals of $2.2 billion, excluding exchange-traded funds (ETFs). This trend marks a stark contrast to the previous 12 weeks, during which equities averaged inflows of $2.3 billion. Additionally, investors withdrew $2.8 billion from stock funds in the week leading up to Wednesday, marking the largest outflow year-to-date. In the cryptocurrency sector, funds experienced outflows of $876 million last week, following a record $3.0 billion outflow the week prior. Over the past four weeks, total outflows from crypto funds reached $4.8 billion. Real estate stocks also faced challenges, recording their biggest outflow since May 2022, amounting to $1.2 billion.
INVESTORS PULLED $2.8 BLN FROM STOCK FUNDS IN WEEK TO WEDNESDAY, BIGGEST OUTFLOW YEAR-TO-DATE - BOFA CITING EPFR DATA
Stocks suffer biggest weekly outflow this year in 'risk-off' move, BofA says https://t.co/X3efe27RTg https://t.co/HuY20kdwaO
🇺🇸🇪🇺BOFA CITING EPFR DATA: INVESTORS PULLED $2.8 BLN FROM STOCK FUNDS IN THE WEEK TO WEDNESDAY, BIGGEST OUTFLOW YEAR-TO-DATE. US STOCKS SEE BIGGEST OUTFLOW YEAR-TO-DATE AT $2.5 BLN; EUROPEAN EQUITIES SEE $5 BLN INFLOW. REAL ESTATE STOCKS SEE BIGGEST OUTFLOW SINCE MAY 2022 AT… https://t.co/ViV8rQU09Z


