美银证券股票客户资金流向趋势：机构客户与金融股单周资金流出创纪录-BofA Securities Equity Client Flow Trends_ Record outflows week for institutional clients & Financials stocks

Investment Rating - The report indicates a negative sentiment towards Financials, with record outflows observed, suggesting a cautious investment stance in this sector [2][9][17]. Core Insights - Institutional clients have been the largest net sellers of equities, marking the seventh consecutive week of outflows, with a notable $6.4 billion sold in single stocks [9][20]. - Financials experienced the largest outflows in history, with significant selling across eight of eleven sectors, driven by concerns over policy and earnings despite solid fundamentals [9][17]. - In contrast, Consumer Staples saw the largest inflows recorded, indicating a shift in investor preference towards more stable sectors [9][17]. Summary by Relevant Sections Client Flows - Institutional clients sold equities for the seventh straight week, with a cumulative outflow of $6.4 billion, significantly below the average since 2008 [9][20]. - Hedge funds and retail clients were net buyers, contrasting with institutional selling behavior [20][21]. Sector Performance - Financials led the outflows, with a record $5 billion sold, followed by Technology and Industrials, while Consumer Staples and Health Care saw inflows [9][17][23]. - The report highlights that the trailing 52-week buybacks as a percentage of market cap are at their lowest since early 2024, indicating a potential slowdown in corporate buyback activity [9]. ETF Trends - Fixed Income ETFs recorded a historic inflow week, while equity ETFs saw muted inflows, with clients favoring Growth ETFs over Value and Blend [9][19]. - The report notes that clients sold ETFs in six of eleven sectors, with Technology and Communication Services leading the outflows [9][19].