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Out Of US Stocks, Into Cash And Bonds
If you're keeping track at home, outflows from US equity-focused ETFs and mutual funds continued over the latest weekly reporting period.
It's worth staying apprised. 2023 is shaping up to be a remarkable year on the flows front, mostly for the deluge of cash to money market funds, but the EM-DM divide in equities is interesting too.
On net, developed market funds have lost more than $41 billion so far in 2023, thanks entirely (and then some) to the $58 billion that's fled US-focused funds.
Is there any data suggesting how much of this money leaving the US could be part of a “flight to safety” move ahead of any potential debt ceiling crisis?