🚨 BofA: U.S. equity funds saw $8.5B outflows in the week to June 24, the first weekly withdrawal in 3 months.
Tech funds recorded a record $9.3B outflow after a record $19.2B inflow the previous week. Apple selling dragged the S&P 500 lower.
Overall equity funds lost $5.0B, money-market funds saw $25.5B outflows, European funds posted an 11th straight week of withdrawals.
Investors shifted to bonds, with fixed-income funds attracting $16.6B, while Micron's strong outlook helped ease tech concerns.
#USStocksFirstOutflowSinceMarch
Tech funds recorded a record $9.3B outflow after a record $19.2B inflow the previous week. Apple selling dragged the S&P 500 lower.
Overall equity funds lost $5.0B, money-market funds saw $25.5B outflows, European funds posted an 11th straight week of withdrawals.
Investors shifted to bonds, with fixed-income funds attracting $16.6B, while Micron's strong outlook helped ease tech concerns.
#USStocksFirstOutflowSinceMarch