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Yikes - big leap to conclusion based on a single week's change in the numbers. Wouldn't be surprised, however, if many 401k plan participants are using the '08 experience as an excuse not to contribute. Don't know what the stats suggest ... but dont think this writer knows either.
There's been a ton of money in Money Market Funds but investors have been fleeing in droves as you needed a microscope to see the yield payouts received. This year alone - $162 Billion left Money Market Funds.
Also - American Funds has seen $77 Billion worth of assets flow out in the past 12 months. DoubleLine of course has taken in a good chunk of money this year.
"U.S. equity mutual funds suffered net withdrawals of $130 billion in the 12 months ended March 31, according to Chicago-based research firm Morningstar Inc. (MORN) Bond funds attracted $191 billion."
Also...on a seasonal basis...most public school teachers stop making contributions to their 403b MFs due to the summer break. I would assume college professors and other occupation that have a summer recess would impact these numbers to some extent.
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The growth rate maybe match those in the past, but there should be sufficient demand from smaller investors.
Also - American Funds has seen $77 Billion worth of assets flow out in the past 12 months. DoubleLine of course has taken in a good chunk of money this year.
Millionaires Added U.S. Stocks in Last Year as Crowd Fled
http://www.bloomberg.com/news/2012-07-19/millionaires-added-u-s-stocks-in-last-year-as-crowd-fled.html
"U.S. equity mutual funds suffered net withdrawals of $130 billion in the 12 months ended March 31, according to Chicago-based research firm Morningstar Inc. (MORN) Bond funds attracted $191 billion."
U.S. investors still plowing into bond funds
http://www.investmentnews.com/article/20120717/FREE/120719930