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 Of this total, $4.8 billion was withdrawn from equity mutual funds, and $2.5 billion was withdrawn from equity ETFs.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 . . .
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