Long-Term Mutual Funds See Fourth Straight Week Of Outflows: Morgan Stanley

Thanks to U.S. domestic equity outflows and a large deceleration in domestic taxable fixed income inflows, long-term mutual funds were in negative territory for the fourth week in a row, notes a report from Morgan Stanley. Betsy L. Graseck and Michael J. Cyprys of Morgan Stanley in their May 29, 2015 research note on “US Asset Managers” note domestic equity fund outflows continued for 22 straight weeks. Outflows in long-term mutual funds Tracking the weekly flows, the Morgan Stanley analysts point out that long-term mutual funds were in the red again, driven by domestic equity, though the outflows were more…