U.S. Equity Funds Face Second Week of Withdrawals as Middle East Attacks Drive Oil Spike
U.S. equity mutual funds and ETFs experienced net outflows for a second consecutive week through March 11, amid a sharp rise in crude prices and disruptions to shipping in the Gulf and the Strait of Hormuz. Fund flows favored bond strategies, short-to-intermediate government and treasury funds, and money market instruments as investors sought safer…