Wednesday, September 22, 2010
20th consecutive week of withdrawals from the U.S. Stock Market and $13.542 billion during the prior 3 weeks
Washington, DC, September 22, 2010 - Total estimated inflows to long-term mutual funds were $5.19 billion for the week ended Wednesday, September 15, the Investment Company Institute reported today. Flow estimates are derived from data collected covering more than 95 percent of industry assets and are adjusted to represent industry totals.
Equity funds had estimated outflows of $3.02 billion for the week, compared to estimated outflows of $1.06 billion in the previous week. Domestic equity funds had estimated outflows of $3.60 billion, while estimated inflows to foreign equity funds were $582 million.
Total Domestic Equity Flows/Week Ending
-$3.6 billion 9/15/10
-$2.235 Billion 9/8/10
-$7.707 billion 9/1/10
-$4.311 billion 8/25/10
-$2.712 billion 8/18/10
-$2.077 Billion 8/11/10
-$2.122 Billion 8/4/10
-$11.120 Billion for the month of July 2010
-$7.519 Billion for the month of June 2010
-$19.066 Billion for the month of May 2010
Since April 30th, 2010, $62.469 BILLION has been withdrawn from Domestic Equity Funds (This is the 19th sequential weekly outflow from US stocks).
NOTE: The S and P 500 is up roughly 1.7% year to date while billions of dollars have been withdrawn during the prior 20 weeks!