LONDON (Reuters] – European equity fund outflows reached $2.9 billion for the tenth week running, led by financials according to a BofA report citing EPFR statistics on Friday.

The report states that the U.S. Large Cap Stocks saw the largest outflow of capital since February 2018, at nearly $20 billion during the week ending Wednesday.

BofA stated that equity funds witnessed the biggest outflow of $17.5 billion in year to-date. BofA also stated that $6.9 Billion was taken from credit funds, while $55 Billion came from cash funds.