US equity funds face withdrawals amid profit-taking

U.S. equity funds are experiencing a wave of outflows, with investors withdrawing $1.58 billion during the week ending August 5. Some investors have shifted to profit-taking after the market reached record levels and following strong earnings reports from companies like Amazon, Caterpillar, and Palantir Technologies. Markets are also awaiting the U.S. July employment report, a key indicator of the Federal Reserve's rate path, with expectations of around 80,000 new jobs. This report could influence the Fed's decision to either pursue a more hawkish monetary policy or support a rate cut. Meanwhile, growth-oriented equity funds saw outflows of $5.5 billion. Bond funds increased their inflows to $6.52 billion, and money market funds continued to attract investor interest, recording an internal flow of $55.69 billion.

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