Citi analysts told investors in a note Friday that net outflows from equity funds have continued.
There were $6.1 billion in outflows from equity funds in the week ended 23 August, according to Citi.
"Bond funds attracted small inflows of $0.6bn whereas equity funds lost $6.1bn to outflows," the analysts wrote.
"Similar to last week, most of the outflows were from US funds, recording US$7.6bn of redemptions, and European funds too suffered US$1.6bn of outflows. Global funds registered small outflows totaling US$0.2bn," they added.
They noted that there were $2.1B of inflows into emerging market funds, with China ETFs once again seeing $4B of inflows.
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.