finance
US Tech Funds See $15 Billion Outflow After $19 Billion Inflow the Prior Week
@KobeissiLetter reported a $15 billion net outflow from US technology sector funds in the most recent week. The figure marks the largest weekly withdrawal in at least 2.5 years and follows a $19 billion inflow the prior week.
KO
theedgemarkets.comAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
US technology sector funds recorded a net outflow of $15 billion in the most recent week, the largest weekly withdrawal in at least 2.5 years, @KobeissiLetter reported. The outflow doubled the size of the previous largest weekly withdrawal recorded in the same 2.5-year span.
The $15 billion withdrawal followed a $19 billion net inflow into the same funds the week before, which @KobeissiLetter said was the largest weekly inflow in at least 2.5 years.
Broader US equity funds also saw a reversal, posting an $8.5 billion net outflow in the latest week, the largest weekly withdrawal in three months. That equity-fund outflow came after a $119 billion net inflow the preceding week. Year to date, US equity funds have drawn a net $332 billion, accounting for half of the $661 billion total net inflow across all developed-market equity funds, according to the same data.
Transparency
How sources framed this
KO
KO
Single source — no framing comparison available.
CorroborationModerate · 1 source
