UBS retail market making clients had $31 mn of single stock outflows on Thursday which has brought total single stock outflows for the month to $2.4 bn, surpassing the previous 2022 high set in November. Retail client selling means we are on pace to have largest outflows since 2016. Selling occurred Thursday on outsized volumes that were up 23% day-over-day and up 19% vs. year-to-date averages.
- UBS Strategy
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