Bank of America: US equity funds experienced their largest weekly outflow since March, and "sell signals" have persisted for six weeks.
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Bank of America: Strong semiconductor performance drives growth funds to outperform the market; actively managed funds performed exceptionally well in June.
According to Mars Finance, on July 6th, Bank of America released data showing that in June, 53% of actively managed large-cap funds outperformed their benchmark indices, while actively managed small- and mid-cap funds performed even better, with 71% and 91% outperforming their benchmarks respectively. Bank of America pointed out that in the first half of 2026, growth-style funds generally outperformed value-style funds, benefiting from the strong rally in semiconductor stocks; while value-style funds, due to their lower allocation to semiconductor stocks, lagged behind.
Since October of last year, hedge funds have once again concentrated their buying on technology stocks.
According to a chart posted on X by financial analysis website Barchart, based on Odaily of America data, hedge funds' purchases of technology stocks last week reached their highest level since October of last year.
SK Hynix is considering paying investment banks approximately 0.5% of the total funds raised in its ADR offering as underwriting fees.
According to a Bloomberg report citing sources familiar with the matter, SK Hynix Inc. is considering paying underwriting fees of approximately 0.5% of the total funds raised to investment banks involved in its US IPO. This deal is expected to be one of the largest stock offerings in history. The sources indicated that while SK Hynix has stated its intention to issue new shares representing up to 2.5% of the company's total share capital, the final offering size has not yet been determined, which will directly impact the underwriting fees received by the investment banks. In addition, SK Hynix may also pay additional discretionary bonuses to the participating investment banks on top of the base underwriting fees. The sources stated that discussions are ongoing, and the details of the final agreement are still subject to change. Click the original link below to join the Beating · Feishu AI news channel for 24/7 monitoring of global AI hot topics and news.
Canada’s six largest banks explore tokenized Canadian dollar deposits
The country’s largest financial institutions are exploring tokenized deposits for interbank payments, just weeks after regulators clarified how they should be treated.
Jingce Electronics: Plans to acquire a portion of the equity of Shanghai Jingce and raise supporting funds; stock trading suspended.
According to Mars Finance, Jingce Electronics announced that it is planning to acquire a portion of the equity of its holding subsidiary, Shanghai Jingce Semiconductor Technology Co., Ltd., through a combination of share issuance, convertible bonds, and cash payment, and to raise supporting funds. This is expected to constitute a major asset restructuring and related-party transaction. Due to the uncertainty of the matter, the company's stock and convertible bonds (Jingce Convertible Bond 2) will be suspended from trading on July 9, 2026. The transaction plan is expected to be disclosed within 10 trading days.
Bank of America raised its capital expenditure forecasts for Alphabet, Meta, and AWS.
According to BlockBeats, on July 8th, Bank of America revised its capital expenditure forecasts for Alphabet, Meta, and AWS upwards for 2026 and 2027. Alphabet's 2026 capital expenditure forecast was revised upwards from $187 billion to $195 billion, and its 2027 forecast from $257 billion to $290 billion. Meta's 2026 forecast was revised upwards from $130 billion to $145 billion, and its 2027 forecast from $157 billion to $185 billion. AWS's 2026 forecast remained at $159 billion, while its 2027 forecast was revised upwards from $196 billion to $230 billion.