U.S. bond funds see the heighest outflow this week in September-22.

Caution over the pace of economic growth led to the highest outflows in U.S. bond funds in the week to September 24.

In the last week, U.S. bond funds recorded outflows of $7.33 billion, according to Refinitiv Lipper data.

On Wednesday, the Federal Reserve increased its benchmark interest rate by 75 basis points.

A fifth consecutive week of net selling was experienced by global equity funds, with disposals worth $1.86 billion.

There was an outflow of $1.55 billion in the financial sector and $687 million in consumer staples.

A net of $28.23 billion was attracted into safer money market funds, which is the highest inflow since July 6.

Gaurav Dogra and Patturaja Murugaboopathy report from Bengaluru.

Visit the home page to get the latest business news updates

Click Here
UA-139049456-1