(Nov 4): US equity funds saw substantial outflows in the week to Oct 30 as investors exercised caution ahead of Tuesday's presidential election and a Federal Reserve policy decision on Wednesday.

According to LSEG data, investors divested a net US$5.83 billion (RM25.46 billion) worth of US equity funds during the week, the most since the seven days to Sept 25.

Investors ditched US growth funds worth a net US$4.06 billion in the largest weekly selloff since Oct 2. Value funds also saw US$2.19 billion of net outflows.

The industrial, gold and precious metals, and healthcare sectors suffered net outflows amounting to US$779 million, US$392 million and US$278 million respectively. The consumer discretionary sector attracted US$478 million worth of net inflows.

Investors snapped up US bond funds for a 22nd week in a row, to the tune of US$7.37 billion.

They pumped US$3.18 billion into US short-to-intermediate investment-grade funds, the biggest amount in four weeks. General domestic taxable fixed income, and municipal debt funds also attracted a net US$2.9 billion and US$659 million respectively.

A net US$5.7 billion worth of US money market funds was sold in the period, following about US$30 billion worth of net purchases in the previous week.

Uploaded by Siow Chen Ming