US Equity Funds See Record Outflow Ahead of Fed Event
US equity funds experienced their largest weekly outflow in five months as investors withdrew 22.33 billion dollars ahead of Nvidia earnings and Jackson Hole remarks. Meanwhile, bond funds continued to attract steady inflows for a nineteenth consecutive week.
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Investors pulled a net $22.33 billion from United States equity funds during the week ending August 26, marking the largest weekly net sales since March 18. The outflow hit ahead of earnings from NVIDIA CORP and remarks from Federal Reserve officials. Large-cap equity funds led the withdrawals, shedding a net $24.73 billion over the period.
