STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Investors withdrew huge money out of U.S. equity funds in the seven days to Aug. 13 on worries about the prospects of interest rates staying higher for longer.
According to Refinitiv Lipper data, U.S. equity funds saw a net $11.07 billion worth of outflows during the week, the biggest since June 21. Investors pulled out a net $8.53 billion from large-cap stocks, the most in a week since March 15. They also exited $226 million worth of mid-cap stocks but accumulated small- and multi-cap funds worth $313 million and $244 million, respectively.
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