Investors book profits from U.S.-based equity funds ahead of Fed meeting By Reuters

Wealth managers head to Singapore as China concerns dim Hong Kong

Investors book profits from U.S.-based equity funds ahead of Fed meeting

(Reuters) – U.S.-based equity funds posted more than $8.4 billion of cash withdrawals in the week ended Wednesday, following two weeks of inflows, according to Refinitiv’s Lipper.

The withdrawals came ahead of next week’s Federal Reserve meeting. In the same week, U.S.-based money-market funds attracted $26 billion, their fifth consecutive week of inflows, Lipper said.

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