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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.
