KM Financial Solutions | U.S. equity funds suffer largest outflows since September on virus fears
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U.S. equity funds suffer largest outflows since September on virus fears

U.S. equity funds suffer largest outflows since September on virus fears

Investors pulled slightly more
than $13.6 billion out of mutual funds and exchange-traded funds
that hold U.S. equities last week, marking the sharpest pullback
from the domestic stock market since September, according to
data released on Wednesday by the Investment Company Institute.
The declines came during the worst week for the benchmark
S&P 500 index since the 2008 financial crisis as concerns about
the rapidly spreading coronaviru

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