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BofA Securities’ weekly fund flow report showed that consumer discretionary (NYSEARCA:XLY) stocks experienced their largest net outflows since February 2022. BofA clients sold a net total of $1.1B from the sector during the week.
Meanwhile, Treasuries saw the first outflow in three months, and investment grade bonds saw the smallest inflow year-to-date.
Overall, there was $3.6B in equity inflows this week, with $15.3B in inflows to ETFs, and $11.7B outflows from mutual funds.
When it comes to bonds, inflows during the past 18 weeks were $4.4B. Precious metals outflows for the past three weeks were $0.6B.
Here is the BofA flow data by investment style:
- Inflows for U.S. large cap were $8.4B
- Outflows for U.S. value were $1.1B
- Outflows by U.S. growth were $2.3B
- Outflows by U.S. small cap were $2.6B
More on consumer discretionary stocks
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