US Equity Funds See Record Outflows
US equity funds faced massive outflows as surging oil prices heightened inflation and rate concerns. Large-cap funds saw record weekly withdrawals while bond funds drew steady inflows.
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United States equity funds recorded $32.27 billion in net outflows during the week through September 9, marking the highest withdrawal rate in nine months. The massive selloff was driven by surging energy costs following military conflict involving Iran that stoked renewed inflation fears. Investors are dumping risk assets as crude prices reach multi-month highs, raising concerns over potential Federal Reserve monetary tightening.
