Mutual Funds Inflows/Outflows
Investors stuffed a little more than $1.3 billion into equity funds during the two business days ended Feb. 5, estimates
TrimTabs.com
, a firm that tracks fund inflows and outflows.
Were it not for heavy inflows on Friday, Feb. 2, however, TrimTabs estimates that fund flows would have been negative for the two days ended Feb. 5. Indeed, TrimTabs estimates that investors pulled $5.3 billion out of equity funds on Monday.
For the two business days ended Feb. 5, equity funds in the U.S. fared much better than funds that invest overseas. Investors poured almost $1.9 billion into U.S. equity funds while investors withdrew $575 million from international equity funds.
For the two days ended Feb. 5, the
TheStreet Recommends
Nasdaq
took a big hit and fell 5%; the
S&P 500
, meanwhile, lost 1.4% and the
Dow
slipped 0.2%.
