U.S. equity funds witnessed outflows of $4.6 billion in the week ended September 21, according to Lipper FMI, Reuters reports. However, international stock funds saw inflows of $2.9 billion.
Majority of redemptions in domestic equity funds came from exchange-traded funds (ETFs). All equity funds combined faced net outflows of $1.65 billion. Withdrawals from domestic ETFs were $4.3 billion, while domestic non-ETFs saw outflows of $271 million.
Click here for the story from Reuters.