real-time news and commentary for investors
Saturday, Aug 24
Stock fund outflows spike to five-year highs
- Judging by the latest fund-flow data, investors are selling now and asking questions later, yanking $12.3B out of U.S. stock funds last week, the biggest outflow in more than five years.
- A combined $20B flew out of stocks and bonds, while money market funds saw an influx of new cash.
- The question now is whether the big outflows across asset classes marks the beginning of a new trend, especially as concerns grow about the Fed’s next move.
- ETFs: SPY, VTI, IYY, EXT, IVE, SSO, IVV, SH, SDS, SPXU.