Global equity funds recorded the largest outflows in over six months during the week ending March 15, as investors reacted to plunging oil prices and fears of a global economic slowdown. Data from EPFR Global showed .2 billion exited equity funds, with emerging market funds losing .1 billion. The selloff was driven by a 15% drop in Brent crude prices amid a price war between Saudi Arabia and Russia, coupled with weak manufacturing data from China and the US. The market sell-off reflects heightened risk aversion, with investors shifting to safe-haven assets like gold and government bonds. Energy and commodity-linked sectors faced sharp declines, while tech stocks showed resilience. Traders are closely monitoring central bank interventions and potential OPEC+ supply cuts to stabilize oil markets. For traders, the key focus remains on the trajectory of oil prices and their spillover effects on global growth. The US Federal Reserve's policy response and China's economic recovery pace will also shape market sentiment. Investors should watch for technical support levels in major equity indices and volatility in energy-related ETFs.
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