Depositors continue to withdraw funds from US mutual funds for 12 weeks amid fears that the US Federal Reserve System (FRS) will continue to raise the key rate in an attempt to combat the inflation. This data was provided on February 10 by the financial analysis agency Refinitiv Lipper.
Investors withdrew $474 million in net cash from US stock funds after withdrawing $473 million the previous week, according to Refinitiv Lipper.
Large- and mid-cap US stock funds shed $3.82 billion and $675 million, respectively, but investors invested $2.16 billion in small-cap funds.
However, investors have amassed funds from some industry funds. The inflow of funds to financial and technology funds amounted to $1,220 million and $430 million, respectively.
Also note that investors withdrew $19.78 billion from money market funds, the biggest net sale in seven weeks.
Source: Rossa Primavera
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