2012 To Date Retail Investors Pulled $100 billion From Domestic Equity Funds

[SEE3772]

According to just released ICI data, in the week ended September 26, the second full week after the announcement of QE3, retail investors pulled $5.1 billion from domestic equity funds, following a massive $4.8 billion outflow the week prior, and the most in 2 months. This is also the sixth largest weekly outflow in 2012 to date, a year in which over $100 billion has already been pulled from equity mutual funds.



Estimated Long-Term Mutual Fund Flows
October 3, 2012

Washington, DC, October 3, 2012 - Total estimated inflows to long-term mutual funds were $448 million for the week ended Wednesday, September 26, 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.

Estimated Flows to Long-Term Mutual Funds
Millions of dollars

8/29/2012 9/5/2012 9/12/2012 9/19/2012 9/26/2012
Total Equity -4,493 -3,453 -3,366 -5,115 -7,497
Domestic -3,690 -3,223 -2,809 -4,759 -5,082
World -803 -230 -557 -355 -2,415
Hybrid 870 914 1,306 1,635 -377
Total Bond 6,380 4,903 8,106 7,996 8,322
Taxable 5,384 4,159 6,794 7,550 6,885
Municipal 997 743 1313 446 1,437
Total 2,758 2,363 6,047 4,516 448

Equity funds had estimated outflows of $7.50 billion for the week, compared to estimated outflows of $5.12 billion in the previous week. Domestic equity funds had estimated outflows of $5.08 billion, while estimated outflows from world equity funds were $2.42 billion.

Hybrid funds, which can invest in stocks and fixed income securities, had estimated outflows of $377 million for the week, compared to estimated inflows of $1.64 billion in the previous week.

Bond funds had estimated inflows of $8.32 billion, compared to estimated inflows of $8.00 billion during the previous week. Taxable bond funds saw estimated inflows of $6.89 billion, while municipal bond funds had estimated inflows of $1.44 billion.

Data for previous weeks reflect revisions due to data adjustments, reclassifications, and changes in the number of funds reporting. Historical flow data is available on the ICI website.

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Commercial Hedgers (Me To) Are At A Record Net Short Position Across The Major Equity Indexes (Including S&P 500, DJIA, Nasdaq 100 And Russell 2000