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U.S. Equity Funds Drop $13.3B In A Week
U.S. equity funds have seen net outflows of $13.3 billion in the week that ended September 7.
U.S. equity funds have seen net outflows of $13.3 billion in the week that ended September 7, Reuters reports. The move was the result of a $10.3 billion net redemption from the State Street SPDR S&P 500 index ETF.
The year-to-date net outflow from the U.S. equity funds totaled $4.8 billion. Non-domestic U.S. equity funds, meanwhile, received inflows of $152 million, taxable bond funds pulled in $4.8 billion, money market funds $6.2 billion and municipal bond funds a net $565 million.
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