Private investors took advantage of the recent selloff in the market, by investing in the largest American exchange-traded funds and bank shares, despite some concerns about this group of assets. Investments around $1,93 billion, which is the fourth largest net shopping volume since the start of the pandemic, according to Vanda Research, companies, which tracks the flows of private investment in the United States.
Shopping by hobbyists was mainly concentrated in ETF, which track the underlying US indices, including SPDR S&P 500 ETF Trust (ticker SPY) и Invesco QQQ Trust Series 1 (ticker QQQ). According to Ben Onatibia of Vanda, cumulative inflow was 337 million dollars. Selected data from Fidelity showed, that SPY fund and shares of Apple Inc. were the most bought assets on his platform.
Evidence suggests, that private investors are still taking advantage of the weakness of broad markets, especially in mega-shares of tech companies, to increase your assets, despite the jump in volatility.
Major US investment banks were also among the most bought companies, while larger institutional investors, probably, Sold, said Wanda. Citigroup Inc. и Bank of America Corp. entered the top ten participants in terms of inflow of funds on Monday.
The surprise in Vanda's data was that, that individuals were selling shares of such airlines, как American Airlines Group Inc. и Delta Air Lines Inc, writes Onatibia. This sale means, that institutional investors were on the other side of the deal, increasing exposure for restoration & quot;.
Day traders have also recruited so-called meme stocks, despite the worst day for this group in recent months. Such favorites, как AMC Entertainment Holdings Inc. и GameStop Corp. enjoyed constant interest, but also newbies, such as SmileDirectClub Inc. were also in the sight of the crowd with Raddit, according to Fidelity data. These stocks were among the most traded at the beginning of the week..
Nicholas Colas, co-founder of DataTrek Research, quoth, that the return of private traders, those who buy shares in the fall, is an `` important observation '', given their impact on stock markets in 2021 year.
Based on materials from Bloomberg
