Citi says net outflows from equity funds continued

Citi analysts told investors in a note Friday that net outflows from equity funds have continued.

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.