September 27, 2021
Economy

U.S. equity funds face outflows on growth concerns -Lipper

Global indices are displayed on a screen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 19, 2021. REUTERS/Andrew Kelly

Sept 13 (Reuters) – U.S. equity funds faced an outflow in the week to Sept. 8, on concerns the spread of the Delta coronavirus variant could slow economic growth and uncertainty over the timeline for the Federal Reserve to pull back its accommodative policies.

Data from Lipper showed U.S. equity funds faced an outflow of $1.85 billion in the week to Wednesday, compared with an inflow worth $11.18 billion in the previous week.

Fund flows into U.S. equities bonds and money market

Investors also assessed data that showed the U.S economy created the fewest jobs in seven month in August, which affected risk sentiment. read more

U.S. equity growth funds faced net selling of $4.72 billion, their biggest outflow in seven…

Read full article here: www.reuters.com