Rising crude oil prices and hawkish Federal Reserve signals drove $31.44 billion in US equity fund redemptions, marking the fourth straight week of outflows as investors retreated from large-cap and mid-cap holdings.
Crude oil prices rose to four-month highs during the week, fueling inflation concerns and lifting Treasury yields.
US equity funds suffered a fourth consecutive week of outflows, totaling $31.44 billion, as surging crude oil prices stoked inflation fears. Investors pulled capital from large-cap and mid-cap funds while the Federal Reserve signaled potential further rate hikes to combat energy-driven price pressures.
Outflows are driven by investor caution regarding rising crude oil prices, which have fueled inflation concerns and prompted the Federal Reserve to signal potential further interest rate hikes.