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U.S. Equity Funds See Largest Outflows in 9 Months Amid Fed Rate Cut
U.S. Equity Funds See Largest Outflows in 9 Months Amid Fed Rate Cut
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Investors pulled $43.19 billion from U.S. equity funds for the week ended September 17, marking the highest weekly outflow since December 2024. The exodus coincided with the Federal Reserve's 25 basis point rate cut—the first since December 2024—suggesting a 'sell the news' reaction.
Large-cap funds bore the brunt with $34.19 billion in net outflows, the largest since at least 2020. 'After such a strong recent run, a period of consolidation should not come as a surprise,' said UBS Global Wealth Management CIO Mark Haefele.
Money market funds also saw $23.65 billion in net sales as lower yields deterred investors. The flight from risk assets underscores growing caution despite accommodative policy.
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