Global Equity Funds See Nine-Month High in Outflows Amid Inflation Fears
Global equity fund outflows reached a nine-month high last week as investors pulled US$23.21 billion from these funds amid inflation concerns.
The surge in oil prices to four-month highs and expectations of a Federal Reserve interest-rate increase contributed to investor caution.
US equity funds saw the largest weekly outflow at US$31.44 billion, marking the fourth consecutive week of withdrawals.