US equity funds see biggest outflows since Brexit vote

Congress delaying Trump's proposed reforms

US stock funds recorded their largest weekly outflows since the UK voted to leave the European Union in June 2016.

Investor fear and market volatility was increased this week after US President Donald Trump's proposed healthcare reform seemed less likely to be passed in Congress, with many viewing the hurdle as a sign he will struggle to implement tax cuts later in the year, a key driver of the US equity market since his election, according to the Financial Times. As a result, funds invested in US stocks saw outflows of $9bn in the week to 22 March, the largest weekly redemption since June, according to EPFR. These outflows reduced the total amount of inflows since the election to $90bn. US stockm...