© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange shortly after the opening bell as trading is halted in New York, U.S., March 16, 2020. REUTERS/Lucas Jackson/File Photo
MILAN (Reuters) – Retail investors bought a net $1.36 billion in equities on Monday when interest rate jitters and geopolitical tensions sending world stocks on track for its biggest monthly drop since the pandemic hit markets in March 2020, data from Vanda (NASDAQ:VNDA) Research showed on Tuesday.
That is the highest level since Jan. 18 when net purchases exceeded $1.6 billion in stocks, according to Vanda, and indicates that retail traders continue to buy on market dips.
Top five net buys on Monday were the S&P 500 ETF Trust ETF, Investec QQQ Trust Series 1, Microsoft (NASDAQ:MSFT), and ProShares UltraPro Short QQQ ETF, it said.