US Stock Fund Exodus Drags Global Equity Flows Negative

Developed market-focused equity mutual funds and ETFs shed $3.21 billion over the latest weekly reporting period, while their emerging market counterparts snapped a streak of consecutive inflows with a $728 million exodus. Global equity fund flows are now slightly negative for 2023, according to EPFR's data. It's a DM / EM divide story, but within that, it's a tale of outflows from US equity funds, which lost another $1.5 billion in the week to May 24. US-focused funds have now shed more th