Investors continue to leave U.S. stock mutual funds in droves, according to the latest statistics from the Investment Company Institute. For the week ended May 2, investors pulled an estimated $6.60 billion from mutual funds that invest long-term in U.S. stocks, almost six times the $1.17 billion they withdrew from the funds a week earlier. Since the beginning of the year, U.S. funds have posted outflows totaling more than $37 billion.
Investors were more receptive to non-U.S. funds, steering an estimated $1.30 billion their way for the week. They were even kinder to bond funds, which received an estimated infusion of $7.51 billion, up 36% from the $5.52 billion inflow a week earlier. Of the $7.51 billion, $6.43 went to taxable bond funds with the remaining $1.07 billion going to muni bond funds.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access