BofA Says US Stocks Draw Lowest Share of Global Flows Since 2020
US stocks haven’t been this out of favor relative to their international peers in more than five years, according to Bank of America Corp.’s Michael Hartnett.
American equities have attracted only $26 out of every $100 of inflows to global equity funds so far this year, the strategist wrote. That’s the smallest slice since 2020 and compares with a peak of $92 in 2022.