BREAKING: Global equity funds posted -$23.2 billion in outflows in the week ending September 16th, their largest weekly outflow in 9 months.

This follows -$21.8 billion in the prior week, bringing the 2-week outflow to -$45.0 billion. The outflows were driven by US funds, which saw -$31.4 billion in withdrawals, marking their 4th consecutive weekly outflow. At the same time, European funds posted -$295 million in outflows, while Asia attracted +$6.3 billion in inflows. Despite these massive outflows, technology funds still recorded +$1.9 billion in inflows, posting their 10th weekly inflow over the last 12 weeks. Investors are taking profits everywhere except tech.

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