US equity funds see sharp outflows as investors brace for extended high rates
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U.S. equity funds experienced significant outflows as investors anticipated prolonged restrictive interest rates due to stubborn inflation in the U.S. economy. In the seven days leading up to April 17, investors sold a net $21.15 billion worth of U.S. equity funds, the largest outflow in a week since December 21, 2022. U.S. large-cap equity funds saw the biggest outflow in a week since February 7, with $11.59 billion worth of net selling. Small-, multi-, and mid-cap funds also experienced net disposals of $2.71 billion, $2.13 billion, and $526 million, respectively. Additionally, U.S. investors sold consumer discretionary, healthcare, and gold & precious metal funds worth a net $701 million, $651 million, and $447 million, respectively, but purchased around a net $281 million worth of financial sector funds. U.S. bond funds recorded a weekly outflow of $3.83 billion, the largest net selling since mid-December. Money market funds also saw significant outflows, with $118.1 billion worth of net selling, the largest weekly outflow since at least July 2020.

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https://www.investing.com/news/economy/us-equity-funds-see-sharp-outflows-as-investors-brace-for-extended-high-rates-3386798