Bank of America: US stocks set a record outflow of $69.5 billion in February, with large inflows into emerging markets and the Asia-Pacific region.

Bank of America Corp's latest report states that investors decisively turned to stocks outside the US in February, signaling a clear regional allocation diversification. Active and passive funds collectively saw the most inflows into emerging market stocks, with inflows exceeding $17.6 billion; followed by the Asia Pacific region, with inflows exceeding $14.9 billion. In contrast, US stocks saw the largest outflow of funds, with funds selling $69.5 billion worth of stocks. By sector, the strongest buying force was in the consumer staples sector, with over $7.9 billion in inflows, followed closely by the materials sector with over $5 billion in inflows, while the software and media sectors saw significant selling, with $17.7 billion and $11 billion respectively. The report shows that last month, the largest long positions in global stocks were bought in companies such as Walmart Inc. (WMT.US), AbbVie Inc. (ABBV.US), Roche, ASML Holding NV ADR (ASML.US), while the major sell-off stocks included Astrazeneca PLC Sponsored ADR (AZN.US), Microsoft Corporation (MSFT.US), Apple Inc. (AAPL.US), NVIDIA Corporation (NVDA.US). Bank of America stated that the stocks held by long funds globally were still the most distributed in Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US), with a holding percentage of 92%, followed by ARM (88%), Microsoft Corporation (84%), NVIDIA Corporation (74%), TENCENT (00700) (72%). Stocks with high holding percentages and positive momentum continued to outperform the market, including Broadcom Inc. (AVGO.US), Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US), Samsung Electronics, Micron Technology, Inc. (MU.US), SK Hynix, Eli Lilly and Company (LLY.US).