US Equity Funds Hit by Biggest Outflows in 11 Weeks, BofA Says
US stock funds suffered the biggest outflows in almost three months, according to data published by Bank of America Corp., adding to signs that the equity market rally is stalling.
About $9.8 billion was redeemed from US stocks in the week through Wednesday, the most in 11 weeks, according to EPFR Global data cited by the bank. Even European funds, which have been popular with investors this year, suffered their first outflows in nine weeks at $600 million.