"Our Children and Grandchildren are not merely statistics towards which we can be indifferent" JFK

Friday, November 26, 2010

Wednesday Withdrawal from U.S. Equity Market continues for 29th consecutive week

Even the Municipal Bond Funds
Rolled Over with a Whopping
$4.781 billion in Withdrawals

Washington, DC, November 24, 2010 - Total estimated outflows from long-term mutual funds were $5.00 billion for the week ended Wednesday, November 17, 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 $1.16 billion for the week, compared to estimated inflows of $1.63 billion in the previous week. Domestic equity funds had estimated outflows of $2.80 billion, while estimated inflows to foreign equity funds were $1.63 billion. ICI Report

Total Domestic Equity Flows/Week Ending
-$2.797 billion 11/17/10
-$666 million 11/10/10
-$1.132 billion 11/3/10
-$2.980 billion 10/27/10
-$217 million 10/20/10
-$624 million 10/13/10
-$5.385 billion 10/6/10
-$14.701 billion for the month of September 2010
-$15.553 Billion for the month of August 2010
-$11.091 Billion for the month of July 2010
-$7.503 Billion for the month of June 2010
-$19.056 Billion for the month of May 2010

Since April 30th, 2010, $82.425 BILLION has been withdrawn from Domestic Equity Funds (This is the 29th sequential weekly outflow from US stocks).

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