Investors Pulled $2.7 Billion Out Of U.S. Stock Funds In Latest Week, $69 Billion So Far This Year (CHART)
Weekly Stock Mutual Fund Outflows (2012)
Notice that only 5 of 29 weeks have seen positive inflows.
The retreat from the U.S. stock market continued last week. Another $2.7 billion was pulled from U.S. stock market mutual funds during the week ended Aug. 15, according to the Investment Company Institute, bringing the 2012 outflow total to more than $69 billion. By comparison, those funds lost in the neighborhood of $40 billion during the first seven months of 2010 and 2011. While stock mutual funds have been bleeding money, investors have shown a voracious appetite for bond funds which raked in $7.2 billion last week, the most since early April, according to ICI data.