Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Maybe mutual funds are selling at the end of day to cover redemptions?
"Investors have pulled $15.3 billion out of stock funds in the past three weeks, the most over any comparable stretch since August 2011. About $3 billion was pulled from the SPDR S&P 500 ETF Trust (SPY), which tracks the S&P 500, marking the largest outflows from any exchange-traded fund in the weekly period ended September 4.
Those outflows suggest investors are "concerned about the future direction of equity markets," said Jeff Tjornehoj, head of Americas research at Lipper.
"Our sense is just that money is moving onto the sidelines" said Temple of Pioneer Investments.
Comments
"Investors have pulled $15.3 billion out of stock funds in the past three weeks, the most over any comparable stretch since August 2011. About $3 billion was pulled from the SPDR S&P 500 ETF Trust (SPY), which tracks the S&P 500, marking the largest outflows from any exchange-traded fund in the weekly period ended September 4.
Those outflows suggest investors are "concerned about the future direction of equity markets," said Jeff Tjornehoj, head of Americas research at Lipper.
"Our sense is just that money is moving onto the sidelines" said Temple of Pioneer Investments.