This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Investors Pull More Money Out of Stock Funds

Investors continued to pull their money out of stocks funds over the last week as the bears refused to relinquish their hold on Wall Street.

Investors redeemed $14.21 billion during the week ended Wednesday, net of new sales., according to TrimTabs Investment Research of Santa Rosa, Calif. That was up from $12.25 billion the previous week.

The Dow Jones Industrial Average closed at 12,466.16 Wednesday, down 2.1% from 12,735.31 on Jan. 9.

"What a week," said Vincent Deluard, global equities strategist at TrimTabs. "There were big outflows -- no surprises here."

Funds investing primarily in U.S. stocks saw a net $8.25 billion walk out the door, down slightly from $8.90 billion during the previous week.

Deluard said that from May to January, investors have pulled a net $102 billion from U.S. equity mutual funds.

Funds investing primarily in non-U.S. stocks had net outflows about $6 billion, nearly twice as much as $3.35 billion the previous week.

Stock market losses wre good for bond funds, which took in a net $2.12 billion, up from $1.6 billion the previous week. Hybrid funds, which invest in both stocks and bonds, took in $908 million, up from $680 million the previous week.

Investors added $8.53 billion to exchange-traded funds during the past week, reversing the $7.79 billion they pulled out the previous week.

ETFs that invest in non-U.S. stocks took in $1.14 billion, after seeing $1.09 billion walk out the door the previous week.

Deluard notes that that ETFs attract more institutional investors, who tend to have a longer-term investment horizon, while mutual funds attract retail investors, who can be more skittish.

"From a logical standpoint," he said, "if you see equities going down, you may want to stick it out and buy, not sell, which is something people are doing right now."

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs