(Bloomberg) -- Investors are pulling money out of U.S.-focused stock funds in favor of international portfolios. Year-to-date redemptions from U.S. equity funds reached $4.2 billion in the week to Aug. 16, compared with an inflow of $97.1 billion for funds that can invest anywhere in the world, according to a Bank of America Merrill Lynch note, citing EPFR Global data.
To contact the reporter on this story: Cormac Mullen in Dublin at cmullen9@bloomberg.net.
To contact the editors responsible for this story: Samuel Potter at spotter33@bloomberg.net, Dave Liedtka, Sophie Caronello
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