US equity funds see sharp outflows on tariff caution, economic concerns
They pulled out a net $13.7 billion from U.S. equity funds in their largest weekly sales since June 25 while channeling a net $78.85 billion - the largest amount since December 4 - into money market funds, LSEG Lipper data showed.
"Our base case remains that the U.S. effective tariff rate will settle at around 15% - enough to weigh on growth and lift inflation, but not enough to derail the U.S. economy or the equity rally," said Mark Haefele, Chief Investment Officer at UBS Global Wealth Management.
"We expect near-term volatility to continue, but think investors should stick to their longer-term financial plan."
The small-cap equity funds segment suffered the biggest weekly net sales since December 18, to the tune of approximately $5.2 billion. Large-cap and mid-cap funds meanwhile had a net $7 billion and $1.71 billion in weekly disposals.
Sectoral funds were, however, net recipient of $806 million worth of weekly inflows with communication services and industrials leading the way, securing a net $1.17 billion and $586 million, respectively in inflows.
Weekly net investments in bond funds, meanwhile, jumped to a 11-week high of $7.39 billion during the week.
The short-to-intermediate investment-grade funds, short-to-intermediate government and treasury funds, and municipal debt funds attracted a massive $3.22 billion, $2.43 billion and $1.66 billion, respectively in net investments.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
15 minutes ago
- Reuters
China wants US to relax chip-export controls as part of trade deal, FT reports
Aug 10 (Reuters) - China wants the United States to ease export controls on a critical component for artificial intelligence chips as part of a trade deal ahead of a possible summit between U.S. President Donald Trump and Chinese President Xi Jinping, the Financial Times reported on Sunday.
Daily Mail
15 minutes ago
- Daily Mail
United Airlines flyer details rookie mistake that cost them almost $100 instantly
The absence of a simple 'back' button on United Airlines' website cost a Canadian traveler nearly $100 while booking flights for her family. The traveler, who shared her story in a Reddit post, was booking tickets that were due to cost #295 when she realized she needed to modify the seat selection. But without a back button, she had to cancel the cart and start over. The same tickets had jumped $30 within minutes after entering all her flight details again. Still hoping for a fix, she tried searching on another computer — only to see the fare rise again, this time to $362. 'On United's website, there is no 'back' button,' she wrote. 'So I basically had to cancel the cart item and redo all the steps.' She concluded the spike, on July 31, was likely due to demand — a suspicion echoed by fellow Reddit users, many of whom shared similar experiences. 'If it makes you feel any better, I made a $500 mistake similar to that,' one traveler replied. Others chimed in with advice and critiques. 'The system might not have released the inventory you held, back into the pool right away. Why didn't you just change the seats after booking,' a commenter wrote. 'It's a demand issue,' another added. 'If there are multiple searches for the same flight, the prices start increasing.'. One traveler said they nearly made a $1,600 mistake by misunderstanding a change fee. 'I thought it was $320 total to move our family's return flight up by four hours,' they wrote. 'Turns out it was $320 per ticket. Thankfully, I called and got everything refunded.' Others noted that United will often refund the fare difference in credit if the price drops after booking. United has faced growing criticism in 2025 for several unpopular changes that have led some travelers to jump ship. The company faced backlash after quietly reinstating a pricing policy that charges solo passengers more than those traveling in pairs or groups. Reddit user chimedon how a quirk on United's website cost a Canadian traveler nearly $100 while booking flights for her family. Data indicated the airline is applying at least an eight percent price hike for solo travelers on weekdays. It also ignited fury by narrowing its check-in cutoff window. Since June, instead of the 30-minute cutoff, all United flyers must check in for domestic flights at least 45 minutes before takeoff. Meanwhile, United continues pushing luxury on international routes. Its new Polaris Studio suites, launching this year on flights from San Francisco to London and Singapore. The suites will include perks such as Cuvée Rosé and designer hoodie pajamas, and will include Wi-Fi from Starlink, a service developed by the Elon Musk 's SpaceX.
Daily Record
an hour ago
- Daily Record
Scottish Government warned to 'come clean' over £180k cash for Trump course contest
The public funding was said to be supporting the delivery of the Nexo Championships but instead it was used to buy a giant advert on the US President's Aberdeen course. The Scottish Government has been accused of misleading the public over its decision to award £180,000 of taxpayers' cash to a golf competition on Donald Trump's course. The funding, announced on the second day of the US President's visit to Scotland last month, was said to be for supporting 'delivery of this year's' Nexo Championship. But the Sunday Mail can reveal the cash was actually spent on adverts including a giant VisitScotland sign, a 30-second online advert and some 'Scotland' billboards around the Trump International course in Aberdeen. The funding had no bearing on whether the competition would go ahead as the event had been announced in May. But Scottish Greens MSP Patrick Harvie said: 'The Scottish Government needs to come clean about what Scotland gets out of this public funding. "If it's simply for advertising, they should not have claimed it was about the delivery of the event. And if it's about delivery of the event, they need to explain why a billionaire's event hosted at a billionaire's resort needs any public money at all. "It appears this was simply done to curry favour with Donald Trump, and to massage his ego. Governments should not be treating him this way.' Tourism body VisitScotland said it made the decision to spend £180,000 on advertising days after it was confirmed Trump was coming to Scotland. The spending was publicly announced by the Scottish Government on July 26 – two days before Swinney was due to meet Trump for a luxury meal at his Menie golf course. VisitScotland officials had decided they'd give the contest £180,000 in advertising money weeks earlier. The tourism body said it held talks with tour organisers and agreed to spend the money between July 10 and 13. On July 9, Police Scotland confirmed it was preparing for a possible visit from Trump later in the month. Harvie said: " 'The Scottish Government absolutely should not be pandering to him or promoting him or his businesses. 'At heart it is a question of values. Donald Trump and his values should not be welcomed in Scotland, and the First Minister would be far better reflecting that than continuing to embarrass Scotland by cozying up to him.' The Nexo Championship, previously called the Scottish Championship, is sponsored by Nexo – a cryptocurrency asset management firm which had £135million revenue last year. The European tour which the Aberdeen contest is a part of is sponsored by DP World, which had a revenue of £15billion last year and is run by Dubai entrepreneur Sultan Ahmed bin Sulayem, worth about £7billion. Swinney previously faced criticism for allowing public funds to be used on the contest given the wealth of its sponsors and its £2million prize pot. He was also accused of using the money to buy a 'five minute meet-and-greet' with the US President during his Scots visit. VisitScotland said DP World Tour made a 'proposal' for advertising 'and agreement in principle was discussed at the Genesis Scottish Open which took place 10-13 July.' A spokeswoman said: 'Our investment is for a host nation brand profile opportunity. On-course branding and advertising across live broadcast to a global audience enables … a platform for promoting Scotland and the north east, with the intention of inspiring visits.' Join the Daily Record WhatsApp community!
