FX168 Financial News (North America) According to the week ending October 30, there was a large outflow of funds from US stock funds as investors remained cautious ahead of the presidential election on Tuesday (November 5) and the Federal Reserve's policy decision on Wednesday. #Outlook for the second half of 2024#

According to LSEG data, investors net sold $5.83 billion worth of US stock funds in a week, the largest scale of sell-off since the week ending September 25.

Investors sold $4.06 billion worth of US growth funds, the largest single-week sell-off since October 2. Value funds also saw a net outflow of $2.19 billion.

Industry, gold and precious metals, as well as medical care sectors, suffered net outflows of $0.779 billion, $0.392 billion, and $2.78 billion respectively. The non-essential consumer sector attracted a net inflow of $0.478 billion.

Investors have been buying US bond funds for 22 consecutive weeks, with a total of $7.37 billion.

They invested $3.18 billion in US short to medium term investment grade funds, the largest scale in four weeks. Domestic tax-paying fixed income and municipal bond funds also attracted net inflows of $2.9 billion and $659 million respectively.

During the same period, US currency market funds had a net sale of $5.7 billion, while the previous week had a net purchase of about $30 billion.