U.S. Stock Funds See $8.5B Outflows in Week Ending June 24, Fastest Pace Since March

According to Bank of America citing EPFR Global data, U.S. stock funds saw outflows of $8.5 billion for the week ending June 24, the fastest pace since March as investors exit equity positions amid cooling artificial intelligence trading enthusiasm. Tech funds led the exodus with a record $9.3 billion in outflows, compared to $19.2 billion in inflows the prior week.

Outflows accelerated further to $17.2 billion in the week ending July 1. Reflecting broader market weakness, the Philadelphia Semiconductor Index (a U.S. semiconductor stock benchmark) fell 11% over two days. Investors rotated into fixed income assets, with bond funds attracting $16.6 billion in inflows.