US equities’ collective portfolio has lost 5% of its value since the start of May, according to figures from EPFR Global, with retail and institutional outflows combining to produce the largest outflows since mid-August last year.
Emerging market equity funds also posted outflows, for the third time in four weeks, while global equity funds saw their second largest weekly outflows of the year.
By contrast, Europe equity funds saw $236m in fresh commitments on the week, though EPFR Global said year-to-date inflows are dominated by institutional flows to funds whose primary mandate is German equity.
In total, investors redeemed a net $7.74bn from equity funds on the week, while inflows into bond funds reached their highest weekly levels for almost a year (47 weeks) as they took in $5.98bn.
