Investors pull $6.7B from US equity funds, biggest exit since mid-September
US equity funds lost $6.7 billion in the week ending October 28, their largest weekly withdrawal since mid-September, after two straight weeks of inflows. Global funds still pulled in $10.2 billion for a sixth straight gain — but the money is clearly chasing Asia and Europe instead.
US equity funds bled $6.7 billion in the week ending October 28, according to @KobeissiLetter. That's the heaviest weekly withdrawal since mid-September. It also snaps a two-week hot streak, when the same funds pulled in $5.1 billion and then $13.0 billion.
The retreat is a US story, not a global one. Global equity funds still took in $10.2 billion over the same week, their sixth consecutive weekly intake. The pace cooled, though — the prior two weeks brought $25.1 billion and $19.8 billion.
Asia did the heavy lifting. Asian equity funds led the inflows with $9.9 billion, easing slightly from $11.6 billion the week before. European equity funds added $4.5 billion, keeping the rotation story alive on both sides of the map.
Put it together and the pattern is blunt: global investors are moving money out of US equities and into other regions, the outlet said. The cash isn't leaving the market — it's changing address.
TopicsUS equity funds · global equity funds · Asian equity funds · European equity funds · Kobeissi Letter
Source: x.com
Written by Paparazzi with AI. Not financial advice.