The $11.8 billion in outflows came during a week in which data showed that the US manufacturing sector tumbled to a 10-year low in September, a sign that the trade war between the United States and China was weighing on the US economy.

Over the last two weeks, investors have pulled more than $28 billion from US stock funds, the largest pullback since the beginning of June. For the year to date, investors have pulled nearly $103 billion out of domestic equity funds.

At the same time, investors continued to gravitate to the perceived safety of bonds by sending another $8.5 billion into the category. For the year to date, investors have directed about $327.5 billion into bonds. World stock funds lost slightly more than $2 billion in outflows, making it a 4-week losing streak for the category. For the year to date, investors have pulled nearly $40 billion out of world stock funds.

Copyright Reuters, 2019