Long-Term Mutual Fund Flows Show $17.4B Outflow from U.S. Equity Funds

Long-term mutual funds in the U.S. saw an estimated outflow of $17.37 billion for the week ending September 17. Equity categories bore the largest withdrawals, including from large-cap, mid-cap, and small-cap segments. The dip reflects investor caution in light of geopolitical risk, rising interest rates, and concern over valuation levels. Taxable bond and global equity categories also showed mixed flows, illustrating a rotation in investor preferences.