Active fund outflows continue as commodities benefitRupert Hargreaves
active fund exodus - The exodus from actively managed equity mutual funds continued last week. According to Bank of America’s weekly ‘Flow Show’ report, there were $7.4 billion of outflows from equities funds last month. Of this total, $4.8 billion was withdrawn from equity mutual funds, and $2.5 billion was withdrawn from equity ETFs. The total outflow was the largest seen in 12 weeks and brings the year-to-date outflow from both equity mutual funds and ETFs to $138.3 billion or 1.8% of the industry’s assets under management. Long only mutual funds . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible