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Fund Investors Pull $56 Billion In Biggest Exit Since 2008

TedTed
in Fund Discussions
FYI: Investors are bailing out of mutual funds as if it were 2008.

Mutual funds suffered redemptions of $56.2 billion in the week ended Dec. 19. That’s the biggest outflow since the week ended Oct. 15, 2008, according to data released Wednesday by the Investment Company Institute. And the numbers over the last several weeks have only gotten worse as the chart below shows.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-12-26/mutual-fund-outflows-surge-to-56-billion-most-since-2008

Comments

  • MarkMark
    True to form and right on cue. Did they all vow to never, ever put money in the stock market again?
  • hank
    edited December 2018
    Mark said:

    True to form and right on cue. Did they all vow to never, ever put money in the stock market again?

    Wonder how many sold on the 24th after a 600+ point drop? It was a shortened trading day (1:00 PM close) - but the volume was insane heavy.
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