Outflows From US Equity Funds Top $50 Billion In 2023

Outflows from US-focused equity ETFs and mutual funds now exceed $50 billion for 2023. Generally speaking, it's helpful to ask where the marginal bid for stocks is likely to come from, and sometimes there aren't any great answers. This is a topic I revisit at regular intervals, most recently here. In the latest weekly reporting period, US equity funds shed $8.838 billion, according to EPFR. It was the third consecutive weekly outflow and brought the YTD exodus to $55.48 billion. Last week's