Wednesday Withdrawal from U.S. Equities Continues, 32nd consecutive week

This has simply gone beyond absurd. 32 weeks of withdrawals from the U.S. Equity giving further evidence that a handful of algo boys and girls play computer games between the opening and closing bell.

Washington, DC, December 15, 2010 - Total estimated outflows from long-term mutual funds were $3.25 billion for the week ended Wednesday, December 8, 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 $1.40 billion for the week, compared to estimated inflows of $120 million in the previous week. Domestic equity funds had estimated outflows of $2.67 billion, while estimated inflows to foreign equity funds were $1.27 billion. Complete report and historical data

Total Domestic Equity Flows/Week Ending
-$2.673 billion 12/8/10
-$1.728 billion 12/1/10
-$2.594 billion 11/23/10
-$2.805 billion 11/17/10
-$660 million 11/10/10
-$1.132 billion 11/3/10
-$6.788 Billion for the month of October 2010
-$14.387 Billion for the month of September 2010
-$15.696 Billion for the month of August 2010
-$11.250 Billion for the month of July 2010
-$7.708 Billion for the month of June 2010
-$19.229 Billion for the month of May 2010

Since April 30th, 2010, $86.632 BILLION has been withdrawn from Domestic Equity Funds (This is the 32nd sequential weekly outflow from US stocks).

Charts via Zero Hedge

Zero Hedge Comments on Equity Fund Withdrawals