U.S. equities fell sharply in December
U.S. equities fell sharply as major indices entered correction territory (defined as a 10 percent decline from the highs). Meanwhile, slowing growth concerns and a U.S. government shutdown weighed on equities globally. This led to a record weekly outflow (Dec. 5-12) in equity mutual funds and exchange traded funds of more than $46 billion, according to data from Lipper.
Emerging markets equities showed relative strength, but were the worst performing equity asset class for the full year.
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