Rising yields trigger 12 billion dollar equity outflow
Investors pulled $12.05 billion from U.S. equity funds as yields hit 2007 highs. Caution over inflation led to shifts into bond and money market funds.
Xurve View
Xurve View
Investors pulled a net $12.05 billion from United States equity funds in the week ending May 20. It marks the largest weekly divestment since mid-March and the second outflow in nine weeks. Rising yields and inflation fears are prompting profit-taking after a sustained market rally.
