Mass outflows hit every asset class as recession fears climb
Global equity funds had $5.2 billion of outflows in the week to May 18, led by redemptions from mutual funds.
Investors fled most major asset classes in the past week, with U.S. equities and Treasuries a rare exception to the massive exodus, amid concerns that tightening monetary policy will push leading economies into a recession.
Global equity funds had $5.2 billion of outflows in the week to May 18, l
Learn more about reprints and licensing for this article.