The Investment Company Institute is the national association of U.S. investment companies, including mutual funds, closed-end funds, exchange-traded funds (ETFs), and unit investment trusts (UITs). Members of ICI manage total assets of $11.82 trillion and serve nearly 90 million shareholders. Flow estimates are derived from data collected covering more than 95 percent of industry assets and are adjusted to represent industry totals.
Investors continue to withdraw money from domestic equity funds while adding to other asset classes–most notably taxable bond funds. In the last week, investors pulled nearly twice the amount of money from domestic equities compared with the week before.
[...] Retail investors are all over this as they are positioning their portfolios to capitalize on this likely reversion to the mean…oh wait, maybe not. [...]