For a fourth straight week, US equity funds registered net outflows since the higher-than-expected reading of inflation increased the probability that Federal Reserve would continue to raise interest rates.

As per some reports, investors offloaded equity funds worth USD 10.52 billion following $14.6 billion in sales the previous week and sold a net worth of US stock funds. In the previous week, there were sales worth USD 14.6 billion.

A week earlier, the net selling of US large-cap funds increased by almost 70 per cent from the previous week to USD 7.74 billion. The net weekly outflow for small-cap funds was USD 605 million. Mid-cap funds defied the general trend by receiving net inflows of USD 183 million.

Investors withdrew a net of USD 5.42 billion from US growth funds and USD 1.29 billion from US value funds, respectively. Consumer staples funds attracted USD 1.39 billion in net buying. On the other hand, tech, communication services, and financials funds experienced net outflows of USD 962 million, USD 595 million, and USD 203 million, respectively.

Investors made net purchases of the US government and high yield bond funds of USD 5.32 billion and USD 555 million, respectively. However, they made net withdrawals of USD 1.78 billion and USD 1.7 billion from general domestic taxable fixed income funds and municipal debt funds, respectively.