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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
