US equity funds suffer outflows on rising bond yields, geopolitical tensions
© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange in New York City, U.S., July 19, 2023. REUTERS/Brendan McDermid/File Photo
Investors sold $4.57 billion of U.S. equity funds on a net basis during the week, logging outflows for the fifth consecutive week, according to LSEG data. Among equities, growth funds witnessed $1.52 billion of selling on net basis after obtaining roughly $1.93 billion in inflows in the past week. Value funds also experienced withdrawals, amounting to $1.12 billion on a net basis.
Investors also liquidated about $3.66 billion of bond funds, compared with about $1.13 billion of net purchases in the previous week.
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