This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Investors Pull Money From U.S. Stock Funds, ETFs

Investors pulled their dollars out of mutual funds over the past week, apparently fearful about the state of the economy.

Stock funds saw a $580 million walk out the door the week ended Wednesday, net of purchases. That reversed a small part of the $14.58 billion they took in the the previous week, according to TrimTabs Investment Research of Santa Rosa, Calif.

The Dow Jones Industrial Average closed at 13,444.96 Wednesday, compared with 13,289.45 on Nov. 28.

All of the redemptions came from funds that invest primarily in U.S. stocks, which saw a net $2.28 billion walk out the door. That was an about-face from the previous week, when investors added a net $7.42 billion.

Vincent Deluard, global equity strategist at TrimTabs, said that if the current trend continues, it will result in eight months of straight outflows from U.S. funds, something that hasn't happened since the Black Monday stock market crash in 1987.

He said the numbers apparently indicate the consensus view of the U.S. economy.

"In the past six months that view has been rather gloomy," he said. "So much money has gone out of U.S. equity mutual funds, you have to believe it's going to come back at some point."

Funds that invest primarily in non-U.S. stocks took in a net $1.70 billion, although that was down sharply from $7.16 billion during the previous week.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.04 -0.21%
FB $117.40 -0.35%
GOOG $703.32 0.27%
TSLA $210.43 -0.52%
YHOO $36.88 -0.16%


Chart of I:DJI
DOW 17,648.59 -12.12 -0.07%
S&P 500 2,048.45 -2.18 -0.11%
NASDAQ 4,714.6390 -2.4550 -0.05%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs