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Retail investors pile in as professionals exit

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Australian Financial Review

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© Copyright 2020 The Australian Financial Review
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By contrast, institutional investors — represented by aggregate trading by clients of 10 elite investment banks, including UBS, Morgan Stanley, Goldman Sachs and Macquarie — were net sellers of $11 billion of shares over the same period.“This is very abnormal,” Vesparum founder Timothy Toner told The Australian Financial Review. “During the GFC there were some similarities but nothing like what we’ve seen during COVID-19 in terms of the striking differences between the two classes of investor.”Related QuotesMQGMacquarie Group$121.35 1.29%1 year1 dayAug 19Nov 19Feb 20May 2070.0090.00110.00130.00150.0010.00am121.000121.500122.000122.500Updated: Jul 13, 2020 – 11.53am. Data is 20 mins delayed.View MQG related articles
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$9 billion
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30 per cent correction in the All Ordinaries Index
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tune of $11 billion
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February and mid-May,
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