US Equity Funds Post Fourth Straight Week of Outflows

US equity funds experienced their fourth consecutive week of outflows in the week ending September 18, as investors grew increasingly cautious due to rising crude oil prices and expectations of a Federal Reserve rate hike.

The net withdrawals from US equity funds totaled $31.44 billion, closely matching the $32 billion withdrawn a week earlier, according to LSEG Lipper data.

Crude oil prices surged to four-month highs during the week, fueling inflation concerns and boosting Treasury yields, which weighed on growth-oriented funds.