Increasing concern about the effect of a possible trade war between the US and China has forced investors in equity funds to head for the exits.
Investors pulled $29.7bn from equity funds in the week ended June 27, the second largest weekly outflow since the beginning of the millennium, according to data provider EPFR.
The retreat follows Washington’s move to impose tariffs on $50bn of Chinese imports. US president Donald Trump has also threatened to add tariffs to a further $200bn of Chinese imports if Beijing retaliates.
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