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US Stocks See First Fund Outflow Since Mar; Tech Funds Record Weekly Outflow of USD9.3B
2026-06-26 17:01:09 Funds have been withdrawn from US equities for the first time since March. Citing EPFR Global data, Bank of America said that for the week ended June 24, US equity funds recorded outflows of USD8.5 billion, of which technology funds saw a record USD9.3 billion in outflows. This contrasted sharply with the previous week, when technology funds attracted an unprecedented USD19.2 billion in inflows. Bank of America noted that equity funds overall posted outflows of USD5 billion, while money market funds lost USD25.5 billion. European funds also continued to weaken, recording outflows for the 11th consecutive week. Investors shifted to fixed income funds, which attracted USD16.6 billion in inflows. (mn/a)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |