Global Equity Funds Experience First Outflow in Five Weeks Amid U.S. Election Uncertainty

Investors pull billions from equity funds as caution prevails ahead of the U.S. presidential election and Federal Reserve decision.

A net $2.65 billion was withdrawn from global equity funds in the week ending October 30, marking the first outflow since September 25.
U.S. equity funds saw a significant outflow of $5.83 billion, the largest in five weeks, as election polls show a tight race between Kamala Harris and Donald Trump.
While global equity funds faced outflows, Asian equity funds attracted about $4 billion in net purchases.
Investors continued to favor global bond funds, with a net inflow of $14.14 billion, marking the 45th consecutive week of net purchases.
Sectoral shifts included outflows from industrials, healthcare, and precious metals, while consumer discretionary and utilities saw net inflows.