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Investors withdrew a net $8.92 billion from U.S. equity funds in
the largest weekly selloff since June 12, while channeling $16.1
billion and $3.35 billion into money market and government bond
funds, respectively, according to LSEG data.
Fund investors remained risk-averse amid recent turbulence in
risk assets, though benign U.S. inflation data and strong July
retail sales have buoyed stocks this week.
In the week to Aug. 14, U.S. large-cap equity funds experienced
a net outflow of $6.08 billion, the most in nine weeks, with
small-cap, mid-cap, and multi-cap funds also recording outflows
of $1.41 billion, $404 million and $72 million, respectively.
Sectoral funds registered their first weekly net inflow in four
weeks, gaining $380 million, buoyed by significant inflows of
$802 million in utilities and $541 million in financials.
U.S. bond funds attracted $3.55 billion in net purchases,
marking their 11th consecutive weekly inflow.
Investors added $1.34 billion to U.S. short-to-intermediate
government and treasury funds, and $677 million to
short-to-intermediate investment-grade funds. However, they
divested $948 million from general domestic taxable fixed income
funds and $669 million from loan participation funds.
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in
Bengaluru; Editing by Shounak Dasgupta)
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