Wu Blockchain (@WuBlockchain): Despite the recent stock market adjustment, the private banking clients of Bank of America (GWIM, with $3.8 trillion AUM) witnessed the third-highest…
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Despite the recent stock market adjustment, the private banking clients of Bank of America (GWIM, with $3.8 trillion AUM) witnessed the third-highest inflow of funds into stocks in history this week, accounting for 1.8% of the assets under management. This reflects that many investors still maintain long-term confidence in the US stock market at present. When there is a significant pullback in the stock market, funds quickly flow into the market.