U.S. equity funds saw the largest net outflows in three months in the week through March 19 on worries about the impact of U.S. tariff policies and caution ahead of a monetary policy decision from the Federal Reserve.
According to LSEG Lipper data, investors pulled $33.53 billion from U.S. equity funds during the week in their largest weekly net withdrawal since December 18, contrasting with $4.84 billion in net purchases the week before.
The Fed kept its benchmark overnight interest rate unchanged on Wednesday, and indicated that two quarter-point cuts were likely later this year, while also forecasting slower economic growth and higher inflation.
U.S. large-cap funds saw $27.38 billion of net selling as investors ended a three-week buying streak.
Small-cap, multi-cap and mid-cap funds also saw outflows of $3.48 billion, $1.42 billion and $1.09 billion, respectively.
Selling pressure in sectoral funds, however, eased to the lowest in three weeks as investors pulled out a net $1.35 billion, compared with combined net sales of $7.54 billion in the prior two weeks.
Tech, communication services and healthcare funds led sectoral outflows, with net sales of $451 million, $230 million and $227 million, respectively.
U.S. bond funds, meanwhile, saw their first weekly outflow in 11 weeks, amounting to $513 million.
Investors divested general domestic taxable fixed income funds and loan participation funds worth $1.56 billion and $1.62 billion, respectively.
In contrast, short-to-intermediate government and treasury funds attracted a net $2.89 billion, the 13th weekly inflow in a row.
U.S. investors, meanwhile, ditched $28.83 billion worth of money market funds after $13.43 billion in net sales a week ago.
StubHub’s 2024 revenue surged 29.5%, it reported on Friday in its U.S. initial public offering paperwork, as the online ticketing marketplace moves ahead with its long-sought New York flotation.
A handful of companies are moving ahead with stock market listings despite volatility arising from uncertainty around U.S. trade policy.
Nvidia-backed startup CoreWeave and Swedish fintech Klarna are among the companies gearing up to go public in New York.
StubHub, one of the biggest secondary ticketing marketplaces for live events, will sell new shares in the proposed offering, it said.
Its revenue jumped to $1.77 billion in 2024, compared with $1.37 billion a year earlier, thanks to higher ticket sales.
New York-based StubHub swung to a loss of $2.8 million in 2024, compared with a profit of $405.2 million in 2023.
“StubHub’s filing follows on the recent filings of other high-profile deals set to go public soon, including CoreWeave and Klarna. This indicates a recovering U.S. IPO market with owners seeing a window of opportunity to go public,” said IPOX CEO Josef Schuster.
“StubHub remains one of the most closely watched IPOs this year and ahead of FIFA 2026.”
Founded in 2000, StubHub’s ticketing marketplace allows fans to buy tickets for live events. Buyers from over 200 countries purchased over 40 million tickets on its platform in 2024.
CEO Eric Baker left StubHub ahead of its $310-million sale to e-commerce firm eBay in 2007.
Baker in 2006 launched viagogo, a rival ticket reseller. Over a decade later, in 2020, viagogo bought StubHub from eBay for $4.05 billion.
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