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2023 Exodus From US Stock Funds Hits $42 Billion
The exodus from US equity funds is ongoing.
Funds focused on US shares shed another $5.2 billion over the latest weekly reporting period, according to EPFR.
It was the fifth consecutive weekly outflow and brought the YTD total to more than $42 billion.
Investors once again favored emerging market exposure in equities. The $1.65 billion inflow to developing nation shares brought the total for 2023 to almost $34 billion, a stark contrast to the net $15.5 billion that's come out of DM stock fu
