Active fund outflows continue as commodities benefit

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 Of this total, $4.8 billion was withdrawn from equity mutual funds, and $2.5 billion was withdrawn from equity ETFs.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 have seen a total of $202.1 billion leave year-to-date…