Reported 7 days ago
For the fifth straight week, investors pulled a staggering $22.43 billion from US equity funds, primarily driven by fears regarding the economy and upcoming presidential elections. This trend, marking the largest outflow since December 2022, included substantial withdrawals from large-cap equity, as consumer confidence wanes. In contrast, US bond funds attracted $6 billion in net purchases, signaling a shift towards safer investments as market uncertainties persist.
Source: YAHOO