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US Stock Funds See Largest Outflow In Months As Sentiment Turns
US equity-focused ETFs and mutual funds just saw their largest one-week outflow since mid-June.
The $5.522 billion exodus was the second consecutive, and coincided with deteriorating sentiment and mounting losses for US shares, which are on track for their first monthly decline since February.
Regular readers can (hopefully) recite the 2023 history of US equity fund flows from memory by now. Net flows were negative to the tune of nearly $70 billion through late May, before Nvidia's blockbuster
