The Great Inverse Rotation? Highest US Equity Outflows In Two Years

The Great Rotation has hit a bit of a snag, with the largest weekly outflow from equities since August 2011. Emerging market and US equities took the biggest hits regionally, while consumer goods had the largest equity outflows by sector by a fair margin.

“Equity funds globally have suffered from $28bn (or 0.5% AUM) of outflows in the week ending February 5th, according to EPFR. It’s been the worst week of redemptions for equity funds in over two years,” says a report from Citi’s global strategy team.

US equity fund flows negative for the year

US equity outflows for the last two weeks now stand at $34 billion (1.1% AUM), bringing the year-to-date flow negative $27 billion in outflows. Emerging markets...