Stock Funds Just Saw Their First Outflow Since April

Don't look now, but global equities just saw their first weekly outflow since April. $3.7 billion in redemptions from long-only mutual funds more than offset $2.1 billion of inflows to equity-focused ETFs, leaving a net outflow over the latest weekly reporting period, according to EPFR. The $1.6 billion leak hardly counts as an exodus, but as the figure below shows, it's notable as the first outflow in 22 weeks. For the year, global equity funds have seen a net $388 billion of inflows. The