Long-only funds sold $15.4bn US shares in March while buying $16.7bn Europe and $9.8bn Japan.
Year‑to‑date US equity outflows total $131bn, dwarfing inflows to all other regions.
Sectors saw $17.9bn inflow into Healthcare and $27.8bn outflow from Software in March.
Over past year, Meta led with $37.3bn outflows, while AI theme recorded steepest $93.3bn outflow.