Friday, 17 April 2009

TrimTabs Estimates All Equity Mutual Funds Redeemed $5.2 Billion in Week Ended Wednesday, April 15


TrimTabs Investment Research estimates that all equity mutual funds redeemed $5.2 billion in the week ended Wednesday, April 15, versus a revised inflow of $3.8 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $3.0 billion, versus a revised inflow of $3.2 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $2.2 billion, versus a revised inflow of $563 million in the previous week. In addition, bond funds had an inflow of $27 million, versus a revised inflow of $6.7 billion in the previous week, and hybrid funds had an outflow of $50 million, versus a revised inflow of $550 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an outflow of $4.5 billion, versus an outflow of $1.4 billion in the previous week. ETFs that invest in non-U.S. stocks had an inflow of $1.3 billion, versus an inflow of $1.9 billion in the previous week.

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