- US equity funds recorded net redemptions of $31.44 billion in the week to September 18, the fourth consecutive weekly outflow.
- The latest outflow nearly matched the $32 billion withdrawn a week earlier, according to LSEG Lipper data.
- Crude oil prices rose to four-month highs during the week, heightening inflation concerns.
- Expectations of a Federal Reserve rate hike added to investor caution ahead of the policy decision.
Quotes
“US equity funds recorded outflows for a fourth consecutive week”