High-Yield Funds See $112.08B Outflow, Money Market Assets Drop to $5.97T, US Stocks Largest Outflow Since Dec. 2022
High-yield funds experienced significant outflows as money market fund assets dropped by $112.08 billion to $5.97 trillion for the week ending April 17th. Additionally, Federal Reserve bank term funding loans decreased to $125.7 billion. US stock funds saw their largest two-week outflow since December 2022, with investors pulling money from cash to pay tax bills and sell stocks. Global equity funds and US equity funds also faced outflows as rate cut hopes faded and investors braced for extended high rates, respectively.
Sources
PiQ
⚠️ US EQUITY FUNDS SEE SHARP OUTFLOWS AS INVESTORS BRACE FOR EXTENDED HIGH RATES Full Story → https://t.co/35CSI743n1 U.S. equity funds suffered sharp outflows in the seven days to April 17 as investors anticipated prolonged restrictive interest rates amid stubborn inflation…
Open Outcrier Investors pull $143B from the fund market, marking the largest weekly exodus since Sept. 2009 - SA https://t.co/aYhHOKMYk8
- PiQ
⚠️ GLOBAL EQUITY FUNDS SEE SURGE IN OUTFLOWS AS RATE CUT HOPES FADE Full Story → https://t.co/SuMS2a340K Global equity funds saw a jump in outflows in the seven days through April 17 as speculation the U.S. Federal Reserve will delay cutting interest rates dampened investor… https://t.co/Oa68J0HFh7