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US Equity Funds Suffer Largest Outflow Of 2023
The Lord giveth and the Lord taketh away.
It was just a week ago when US equity-focused ETFs and mutual funds raked in $26.4 billion, in what counted as the largest one-week inflow since March of 2022.
Notably, the influx pushed net flows for US equity funds into positive territory for the first time this year.
Alas, the lion's share of that haul hit the exits just a week later. Nearly $18 billion fled the "same" US-focused stock funds over the latest weekly reporting period, according to the
H-Man, the flows are resembling day trading on a monthly basis.