Investors withdraw US equity funds amid the impeachment investigation

Investors withdrew nearly $ 14 billion from mutual funds and exchange traded funds holding US stocks last week, ending what had been the largest increase in domestic equity funds since December 2016, according to data from issued on Wednesday by the Investment Company Institute.

The withdrawal from US action came during a week in which Democratic lawmakers moved to launch formal impeachment procedures that could end in a vote to remove President Donald Trump from office, and the White House released a summary of a phone call between Trump and the Ukrainian president who is at the center of the investigation.

Last week’s losses sent one year so far leaking US equity to $ 91.1 billion after investors pulled out of the country, despite a more than 15% rally on the S&P 500 rating index.

Investors continued to look for perceived bond security by sending just over $ 6.9 billion in taxable and municipal debt funds. For the past year, the category has earned more than $ 319 billion in new inflows.

World equity funds, meanwhile, posted a three-week loss, dropping another $ 1.8 billion in outflows. This sent year-over-year losses for the category to $ 37.9 billion./Investing.com

 

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