US stock funds faced notable withdrawals in the week ending April 2, as investors moved away from riskier assets amid growing anxiety over president Donald Trump's newly announced trade tariffs.
The sweeping measures sparked fears of higher costs, profit margin pressure for companies, and increased chances of an economic slowdown.
During the week, US equity funds recorded net outflows of $10.85 billion, a sharp shift from the previous week's $22.89 billion in net inflows.
Small-cap funds were among the hardest hit, seeing $4.18 billion in net outflows, a reversal from the $3.07 billion they gained the prior week.
Large-cap and mid-cap funds also saw outflows of $2.9 billion and $461 million, respectively.
Sector-based funds extended their losing streak to a fifth week, with $2.45 billion in combined outflows. Technology funds lost $1.69 billion, consumer discretionary funds shed $1.18 billion, and healthcare funds gave up $860 million.
Amid the turbulence, safe haven demand drove inflows into money market funds totalling $22.01 billion.
US bond funds saw $1.73 billion in outflows, continuing a three-week trend. $1.03 billion was pulled from general taxable fixed-income funds and $864 million from short- to intermediate-term investment-grade debt, while government and Treasury-focused funds brought in $1.53 billion.