Global equity funds experience first outflows in five weeks due to rising U.S. yields.

Global equity funds experience first outflows in five weeks due to rising U.S. yields. U.S. equity funds also saw outflows for the first time in four weeks, totalling $7.6bn, as bond yields rose and there was uncertainty over Fed interest rate cuts. Financial and consumer discretionary sector funds experienced net outflows, while industrials and tech sector funds attracted inflows.