At investorAi we have been reporting on various equity outflows around the world for some time. In another statistic suggesting investors are concerned on US growth US equity funds experienced their largest weekly outflow in 12 weeks (to September 4th 2024), driven by heightened investor anxiety about the economic outlook as they awaited crucial labor market data.
London Stock Exchange Group (LSEG) data shows that investors sold a net $11.73 billion in U.S. equity funds during the week, marking the fourth outflow in five weeks.
A disappointing U.S. manufacturing report released on Tuesday 3rd September 2024 fueled renewed concerns about economic growth. The weakness in the non-farm payrolls report which added 142,000 jobs seems to confirm the trend.
In terms of fund segments, U.S. large-cap funds experienced a net sale of $4.28 billion, the highest in three weeks. Small-cap, mid-cap, and multi-cap funds also saw outflows, with losses of $1.77 billion, $1.34 ...
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