Thyagaraju Adinarayan
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More money poured into stocks in past 5 months than over last 12 years - BofA

More money poured into stocks in past 5 months than over last 12 years - BofA

Register now for FREE unlimited access to Reuters.comLONDON, April 9 (Reuters) - Investors have pumped more money into equities over the past five months than in the last 12 years, BofA's weekly flow figures showed on Friday, as ultra-easy monetary policies and unprecedented stimulus has sparked a secular shift into stocks.BofA said $576 billion had gone into equity funds in the past five months, beating the combined $452 billion inflows seen in the last 12 years,Based on clients' asset allocations, Bofa said a record 63.6% of the money was invested in stocks, 18.5% in debt and 11.6% in...

April 9, 2021
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GameStop jumps nearly 19%; ‘meme stocks’ fade after another wild ride

GameStop jumps nearly 19%; ‘meme stocks’ fade after another wild ride

Register now for FREE unlimited access to Reuters.comFeb 25 (Reuters) - GameStop Corp shares rallied on Thursday, finishing with double-digit gains despite a sharp retreat from session highs and leading a surprise resurgence of so-called “stonks” championed online by passionate retail investors.GameStop shares, which doubled their value on Wednesday, hit $160 at Thursday's open before being halted after several minutes of trading and fell to around $129 before the second halt. The stock closed for the day at $108.73 for an 18.5% gain, after soaring almost 90% at the session peak.Other...

February 25, 2021
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Ark ups bet on Tesla despite suffering largest one-day outflow on record

Ark ups bet on Tesla despite suffering largest one-day outflow on record

By , LONDON/NEW YORK (Reuters) - The largest outflow on record for Cathie Wood’s ARK fund was not enough to stop the firm from increasing its bet on Tesla Inc after the electric carmaker’s stock closed below $700 for the first time this year on Tuesday.Slideshow Wood, whose $26.6 billion ARK Innovation exchange-traded fund (ETF) was the top-performing actively managed U.S. equity fund tracked by Morningstar last year, bought $171 million of Tesla shares, pushing its weight to about 10% of the fund.Shares of the carmaker jumped 4.7% in afternoon trading on Wednesday, helping erase some of...

February 24, 2021
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