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Bank of America Says Investors Sold $15.4 Billion in U.S. Stocks in March

According to Bank of America, money moved out of U.S. equities and into international markets as the global rotation trend accelerated into the second quarter.

Fact Check
The wording of the claim is supported by multiple independent secondary summaries. Yahoo Finance reports that a Bank of America research note said long-only funds rotated out of U.S. equities into international markets in March and into Q2. The Deep Dive provides the key numeric detail, stating that March alone saw $15.4 billion in U.S. equity outflows according to Bank of America. The supplied X posts from DeItaone and unusual_whales match that same figure and framing. Confidence is only medium because the underlying Bank of America note itself was not directly accessible among the retrieved sources.
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Summary

Bank of America said investors pulled capital from U.S. equities in March, with funds selling $15.4 billion of U.S. stocks while increasing purchases in international markets. The note points to a broader global rotation, a market shift in which investors reallocate capital across regions, and says the trend continued to build into the second quarter. The source does not specify which international markets received the inflows or provide additional breakdowns.

Terms & Concepts
  • Global rotation: A market reallocation trend in which investors move capital from one region or asset class to another based on relative opportunities or risk.
  • U.S. equities: Shares of publicly listed companies in the United States, commonly tracked through major stock indexes and fund flows.
  • Fund flows: Net money moving into or out of investment funds or markets, often used to gauge investor sentiment and positioning.