Stock Mutual Fund Outflows Increase

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The Financial Times:

US equity funds see biggest outflows of 2012: US equity funds suffered their worst outflows of the year in the week to Wednesday as investors became decisively risk-averse following a five-day losing streak for US equities. The S&P 500 fell 4.3 per cent in the five trading days to Tuesday, giving back a third of its gains from a stellar first quarter, although it has since regained some of that ground. Investors responded by withdrawing more than $7bn from US exchange-traded and mutual funds that invest in equities, the largest outflow since mid-December, and equivalent to almost 1 per cent of the assets invested in such funds, according to data from Lipper. It was the third successive week of outflows from equity funds and by far the largest.


The story above refers to Lipper data.  The chart above shows Investment Company Institute (ICI) data.  Although they are two different sources, they generally tell the same story.

While domestic outflows (second panel in green) are the largest of 2012, they still pale in comparison to the outflows of last summer.

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