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Rating:Investors to U.S. Stock Funds: Say Goodbye to Inflows Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, September 09, 2013

Investors to U.S. Stock Funds: Say Goodbye to Inflows

News summary by MFWire's editors

For the first time in three months, investors pulled money from equity funds, The Wall Street Journal's Alexandra Scaggs writes. U.S. equity mutual funds had $226 million in outflows in the week ended September 4, the first losing week since the seven-days ended June 5, Scaggs reports.

This is quite the opposite of last week, when those funds had $1 billion in inflows, according to Scaggs.

Scaggs quotes Lipper senior research analyst Jeff Tjornehoj, who told the WSJ reporter that "It turned out to be a decent week, but sometimes investors drive by the rearview mirror. They have put a lot more money into domestic equities in the recent past, so that's the first place they remove money from, too."

The outflows were smaller than June's $769 million weekly outflow, however. Mutual fund investors are just catching up to ETF investors, Scagg writes, who have removed $23 billion from U.S. equity funds in the past four weeks.

To read more, click here

Edited by: Casey Quinlan


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