Stock fund outflows spike to five-year highs

|By:, SA News Editor

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.