Friday, May 11, 2012

Stock Funds Still Losing Ground

The drop in assets held by domestic equity mutual funds, which we've discussed here before, continues its downward trend. For the week ended May 2, American stock funds lost a whopping $6.6 billion in assets. For the year, outflows from U.S. funds are now up to $37 billion.

At the moment, though, this is part of a larger trend, as investments into all types of mutual funds have cooled. The total inflows for all types of funds, both stocks and bonds, was just $2.24 billion for the week ended May 2, which is the lowest for any week so far this year.

The strongest category for any type of funds remains the taxable bond funds. They took in $6.4 billion the week of May 2, which isn't even their biggest haul of the year; back in the first week of April, those funds had inflows of more than $9 billion.

No comments:

Post a Comment