Aug 22 (Reuters) - U.S. equity funds witnessed weekly

outflows in the week through August 20 driven by a selloff in

high flying technology stocks, with Federal Reserve Chair Jerome

Powell's upcoming speech at the annual Jackson Hole symposium

adding to the cautious tone.

Investors divested a net $2.4 billion worth of equity funds

during the week, partly reversing a net $8.76 billion worth of

weekly purchases in the prior week, LSEG Lipper data showed.

The small-cap and multi-cap equity funds segments saw a net

$1.98 billion and $1.37 billion worth of weekly outflows.

Investors, however, added large-cap and mid-cap funds of a net

of $2.27 billion and $281 million respectively.

Sectoral funds suffered a robust $3.04 billion worth of

weekly net sales, with tech and financials, facing $1.55 billion

and $1.43 billion outflows, leading the net sales.

Investors, meanwhile, pumped a massive $9.98 billion into

the safety of bond funds in their largest weekly net purchase

since May 14.

Short-to-intermediate investment-grade funds saw a robust

$3.5 billion weekly net investment, the largest amount since

June 4. Municipal debt funds and general domestic taxable fixed

income funds also attracted a noticeable $2.33 billion and $2.13

billion, respectively.

Money market funds, however, had a net $8.15 billion weekly

outflow after two weeks of inflow in a row.