Outflows from U.S. stock funds accelerated mid-August after hopeful signs that they might be slowing down, according to the latest statistics from the Investment Company Institute. For the week ended August 22, investors pulled an estimated $4.48 billion from mutual funds that invest long-term in U.S. equities, substantially more than the $2.72 billion they withdrew the week before. Since the beginning of the year, investors have pulled more than $75 billion from U.S. funds.
Non-U.S. equity funds also took a beating, losing an estimated $1.40 billion in outflows for the week, almost three times the $557 million withdrawn a week earlier.
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