US Stock Funds Suffer Largest Outflow In Months
US equity-focused ETFs and mutual funds saw the largest outflow since mid-May over the latest weekly reporting period.
The $7.612 billion exodus was the third consecutive. US stock funds shed a combined $14.38 billion from August 3 through mid-week, the latest update suggests.
Note that the latest outflow counted as the most pronounced since Nvidia's game-changing Q1 report.
The flows tide turned in late-May, but despite the ensuing melt-up on Wall Street, there was never a real "all-in" mo