BlockBeats News, August 12th, U.S. Bank's hedge fund clients bought U.S. stocks close to a record amount in the week after, and the investment level reached the highest since 2008.

The bank's strategist led by Jill Carey Hall wrote in a research report, as of the week ending August 7th, clients net bought U.S. stocks for the sixth consecutive week, injecting $4.1 billion into ETFs and withdrawing $2.4 billion from individual stocks. During the same period, both institutional and retail clients were net sellers, while corporate clients accelerated their buybacks. Clients sold off 7 of the 11 sectors, with the largest outflows seen in the industrial sector, while the technology sector saw the second-largest inflow week on record. (Bloomberg)