Thursday, June 6, 2013

Heading for the Hills: Investors Pulled $1B From Stock Funds Last Week

From Barrons blogs: “It’s no exodus, but it’s most certainly a pause in investors’ stock market buying spree.

“The latest batch of Investment Company Institute fund-flow data show net outflows of about $1 billion from long-term equity mutual funds last week. Zero in on domestic stock funds and the outflow was actually $1.7 billion, offset by $707 million of fresh money invested in internationally oriented funds.

“The overall fund-flow figure for the week, reflecting the period ending Wed. May 29, remained positive, as taxable bond funds netted a fresh $1.6 billion and hybrid funds pulled in $1.1 billion….

No comments:

Post a Comment