Surging oil prices and inflation fears triggered a $32.27 billion exodus from U.S. equity funds, while global investors shifted toward money market funds and energy sectors.
Brent crude hit four-month high, and energy funds attracted $211 million in inflows, reflecting bullish sentiment.
Gold and precious metals funds recorded net sales of $537 million after eight weeks of inflows, signaling bearish shift.
US equity funds saw $32.27 billion in net sales, the largest outflow since March, driven by oil-price-induced inflation fears and rate hike expectations.
Global equity funds recorded $15.52 billion in net outflows for the week ending September 9, marking the largest decline since March. Investors pulled $32.27 billion from U.S. equity funds as Brent crude surged to a four-month high, fueling concerns over persistent inflation and imminent Federal Reserve interest rate hikes.
Investors are reacting to rising oil prices and firm inflation data, which have increased expectations for aggressive interest rate hikes by the Federal Reserve.
Energy funds saw $211 million in inflows due to high oil prices, while gold and precious metals funds recorded $537 million in net sales.