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2026-02-13 18:35:00
[US Equity Funds Suffer $14.2 Billion Outflow Amid Interest Rate Outlook and AI Anxiety] ⑴ According to LSEG Lipper data, US equity funds recorded a net outflow of $1.42 billion in the week ending February 11, marking the first weekly net selling since January 21. Investor concerns about spending by AI-related companies and a strong jobs report weakening expectations of a Federal Reserve rate cut were the main reasons for the outflow. ⑵ The Nasdaq fell 2.03% on Thursday as renewed concerns about the potential disruptive effects of artificial intelligence on industries such as software, legal services, and wealth management arose. Meanwhile, the market awaited Friday's January inflation data for new clues about interest rates. ⑶ By size, large-cap funds saw an outflow of $12.34 billion, mid-cap funds saw an outflow of $787 million, while small-cap funds bucked the trend, attracting $2.01 billion. Bond funds saw net inflows for the sixth consecutive week, with $13.37 billion flowing in during the week. (4) From an asset allocation perspective, the shift of funds from the equity market to fixed income reflects investors' defensive stance before the interest rate path becomes clearer; the favor shown towards small-cap stocks may be related to valuation repair and expectations of economic resilience. (5) The focus going forward is on whether inflation data can reignite expectations of interest rate cuts, and whether the outflow of funds from the AI sector will further spread to other technology sub-sectors.
