U.S. stock funds can’t seem to get any love these days, posting 13 consecutive weeks of outflows. For the week ended May 16, investors pulled an estimated $3.45 billion from the funds, according to the latest statistics from the Investment Company Institute. That’s $1.10 billion more than they withdrew from the funds a week earlier. Since the beginning of the year, the funds have lost $38 billion in outflows.
Non-U.S. stock funds also took a beating, losing an estimated $117 million in outflows for the week. They took in $1.04 billion the week before.
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