Global equity funds see record outflows as U.S., China withdrawals surge, TD Securities says

Jan 23 (Reuters) - Global equity funds recorded their largest outflows on record, as heavy withdrawals from the U.S. and China outweighed a relatively strong showing in other regions, TD Securities strategists said in a Friday note analysing EPFR data.

World stocks funds saw $43.2 billion in outflows combined in the week till Wednesday, with the U.S. seeing $16.8 billion of outflows while Chinese stocks saw a heavy $49.2 billion in outflows.

The cash out in Chinese equities was also the biggest on record, TD Securities strategists said.