- U.S. investors shifted heavily into money market funds in the week ending Aug. 7, retreating from riskier assets during a stock market sell-off fueled by fears over an economic slowdown.
U.S. investors withdrew $2.42 billion from small-cap funds, breaking a streak of three consecutive weeks of net purchases. Meanwhile, U.S. mid-cap and multi-cap funds saw outflows of $400 million and $382 million, respectively, although large-cap funds attracted $1.68 billion in net purchases.By sector, financials saw a significant outflow of $1.36 billion as investors turned net sellers after three weeks of net purchases.
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