US stock funds see fourth week of withdrawals

U.S. equity funds recorded their fourth consecutive week of outflows, amid investors' concerns over rising inflation and expectations of interest rate hikes by the Federal Reserve. In the week ending September 18, approximately $31.44 billion was withdrawn from these funds, while oil prices reached four-month highs, increasing pressure on the markets. Additionally, the Fed raised interest rates by 25 basis points and indicated the possible need for further monetary tightening to curb inflation driven by rising costs. Large and medium-sized equity funds continued to see outflows, whereas small-cap equity funds attracted a net inflow of $568 million. In the bond market, purchases of global bond funds declined to their lowest level in five months, with government bond and treasury funds remaining on top. Meanwhile, cash fund outflows were the largest since July.

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