Withdrawal Wednesday: $2.91 billion withdrawn from U.S. Equity Funds (26th sequential week)

Well Timed FOMC QE-2 Announcement

as the Federal Reserve is on a

Shopping Spree While the

Retail Investor has Left the Building
(who is buying this market...??? I can only imagine...)

Washington, DC, November 3, 2010 - Total estimated inflows to long-term mutual funds were $3.32 billion for the week ended Wednesday, October 27, 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 $2.34 billion for the week, compared to estimated inflows of $2.07 billion in the previous week. Domestic equity funds had estimated outflows of $2.91 billion, while estimated inflows to foreign equity funds were $569 million.

Total Domestic Equity Flows/Week Ending
-$2.911 billion 10/27/10
-$218 million 10/20/10 revised from -$202 million
-$624 million 10/13/10 revised from -$623 million
-$5.385 billion 10/6/10 revised from -$5.386
-$14.701 billion for the month of September 2010
-$15.553 Billion for the month of August 2010 revised from -$15.598 billion
-$11.091 Billion for the month of July 2010 revised from -$11.142 billion
-$7.503 Billion for the month of June 2010 revised from -$7.519 billion
-$19.056 Billion for the month of May 2010 revised from -$19.066 billion

Since April 30th, 2010, $77.042 BILLION has been withdrawn from Domestic Equity Funds (This is the 26th sequential weekly outflow from US stocks).

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