Global equity funds record first outflows in five weeks amid rising U.S. yields

May 31 (Reuters) – Global equity funds witnessed outflows for the first time in five weeks in the week ended May 29, hit by rising U.S. Treasury yields and investor caution ahead of a crucial U.S. inflation report, which may provide insights into the future direction of U.S. interest rates.

According to Lipper data, global equity funds registered $4.9 billion in outflows, marking their first withdrawal since the week ending April 24.