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ICI: Record Highs In U.S. Stock Market Not Enough To Attract Fund Investors

FYI: Investors retreated from the U.S. stock market last week despite the benchmark S&P 500 reaching new record highs, pulling nearly $9.1 billion from mutual funds and exchange-traded funds that hold domestic stocks, according to data released Wednesday by the Investment Company Institute.

The move away from the U.S. market came on the heels of $1.1 billon in inflows the week before, continuing a pattern in which the outsized gains in S&P 500 have been unable to attract investors en masse. The benchmark index is up more than 20% for the year to date, thanks in part to expectations of at least one equity-friendly interest rate cut by the Federal Reserve this year. Over the same time, investors have pulled nearly $67 billion out of domestic stock funds.


  • Seems like the prudent thing after 10 years of a Bull... Nobody wants to be that guy that bought at the high, right before the precipice.
  • edited July 2019
    @Edmond- Yes, this is fascinating to watch, this time around. I've never seen anything quite like this one, and there are so many new wild cards in the deck (central bank activities, trade fireworks, financial sanctions, Brexit, etc.) that I'm pretty sure that no one can accurately predict what will break, how, or when.
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