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U.S. Stock Funds See Outflows Amid Semiconductor Sector Decline
U.S. equity funds recorded net outflows of $4.8 billion for the week ending July 15, following a wave of selling in semiconductor stocks and escalating tensions between the United States and Iran, despite strong corporate earnings and slowing inflation. Shares of semiconductor companies, including Intel and Marvell Technology, declined after reaching record highs in the previous quarter, with noticeable losses of up to 26.35%. Meanwhile, value funds continued to attract inflows for the third consecutive week, and U.S. bond funds maintained their appeal, recording inflows of $9.89 billion, compared to withdrawals of $68.03 billion from the money market, the largest outflow since April.
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