US equity funds see outflows as investors take profits ahead of jobs data

U.S. equity funds saw outflows in the week to Aug. 5 as investors took profits following a record market rally and moved into wait-and-see mode ahead of Friday’s July jobs report. The labor data is a key input to Federal Reserve rate expectations, increasing near-term uncertainty around yields and equity sentiment.

Analysis

U.S. equity funds saw outflows in the week to Aug. 5 as investors took profits following a record market rally and moved into wait-and-see mode ahead of Friday’s July jobs report. The labor data is a key input to Federal Reserve rate expectations, increasing near-term uncertainty around yields and equity sentiment.