U.S. Equity Funds Record Largest Weekly Outflow In Five Weeks

U.S. equity funds saw substantial outflows to end October as investors exercised caution ahead of the recently concluded presidential election and a Federal Reserve policy decision, Reuters reported.

Growth funds experienced a net outflow of $4.06 billion.

According to LSEG data, investors withdrew a net $5.83 billion from U.S. equity funds during the week, marking the largest outflow since the week ending Sept. 25.

Growth funds experienced a net outflow of $4.06 billion, the largest weekly sell-off since Oct. 2. Value funds also recorded $2.19 billion in net outflows. The industrial, gold and precious metals, and healthcare sectors saw net outflows of $779 million, $392 million, and $278 million, respectively.

Similarly, the consumer discretionary sector attracted $478 million in net inflows.

Investors continued to show strong interest in U.S. bond funds, marking the 22nd consecutive week of inflows, with a total of $7.37 billion. Short-to-intermediate investment-grade funds received $3.18 billion, the largest amount in four weeks.