U.S. Stocks See Biggest Outflows of Year as Recession Fears Bite
- U.S. equities had outflows of $15.5b in latest EPFR data
- BofA strategists say recession, inflation fears grip investors
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Investors are rapidly exiting stocks, with U.S. equities seeing their biggest weekly outflows of the year as recession fears take hold.
U.S. equity funds had outflows of $15.5 billion in the week through April 13, while European funds experienced a ninth straight week of outflows, Bank of America Corp. strategists wrote, citing EPFR Global data. The bank’s private clients -- with $3.2 trillion of assets under management -- also exited stocks in the largest amount since November.