News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexCryptocurrenciesCybersecurityPress Releases

Retail inflows at nearly all-time high despite market turbulence

05/25/2022 | 10:32am EDT
FILE PHOTO: Amazon workers walk outside Amazon’s LDJ5 sortation center in Staten Island, New York

(Reuters) - Individual investors are buying stocks at a pace akin to the 2021 meme-stock frenzy even as the returns on retail investments sit at multi-year lows amid a widespread sell-off on concerns about rising interest rates, Vanda Research said.

Retail investors bought stocks worth $76 billion during a three-month period ending on May 24, or $1.3 billion a day on average, compared with net purchases of $80.6 billion, or $1.32 billion a day, between January and March 2021, Vanda data showed.

The investors last year shot to fame when they banded together on online forums to fuel gains in highly-shorted GameStop and AMC Entertainment and others that cost hedge funds billions of dollars.

However, shares of retail darlings have since plummeted. GameStop has lost about half its value over the past year and AMC a quarter, compared with S&P 500's 6% slide.

The performance of retail investors' portfolio compared to broader markets in the last three months was the worst ever recorded by Vanda, which has data from the start of 2014.

That has not deterred small-time investors from buying shares of their favorite tech and growth companies such as Apple, Tesla and Amazon.com over the past week, per Vanda, when the benchmark S&P 500 came within spitting distance of confirming a bear market territory.

(Reporting by Medha Singh in Bengaluru; Editing by Shinjini Ganguli)


© Reuters 2022
Latest news "Economy & Forex"
06:04aPhilippines central bank governor says ready to raise rates by 50 bps in Aug
RE
06:04aJapanese artist who created "Yu-Gi-Oh!" found dead in the sea - media
RE
06:04aShanghai back on alert as China battles COVID outbreaks
RE
06:03aWhy a wave of social media ads may signal a potential DeSantis White House run
RE
05:55aBritish coal mine decision delayed amid political turmoil
RE
05:52aKREMLIN ON BORIS JOHNSON : we don't like him either
RE
05:49aUK continues to have functioning government, minister tells parliament
RE
05:46aIsrael finance ministry trims GDP forecasts but sees surge in tax income
RE
05:45aEu antitrust watchdog charges alcogroup, agroetanol with taking…
RE
05:44aUK Foreign Secretary Truss cutting short her Indonesia trip to return to London -BBC
RE
Latest news "Economy & Forex"