BlackRock saw $405 million withdrawn in a single day, its largest single-day net outflow in more than four months.
Normally, when major investors are really pulling out, they tend to dump assets at any cost for several consecutive days as capital rushes for the exits.
But the outflow on November 2 looks more like profit-taking and position rotation after gains at elevated prices.
Normally, when major investors are really pulling out, they tend to dump assets at any cost for several consecutive days as capital rushes for the exits.
But the outflow on November 2 looks more like profit-taking and position rotation after gains at elevated prices.
