CalPERS Sold Out Of Over 13% Of Top Positions In Q1, Weekly Mutual Fund Outflows

As everyone is claiming that that "big" funds are rushing to throw their money into the market, it is useful to see what the largest U.S. public pension fund manager did in Q1. The result: in its top 20 positions, CalPERS sold out on average 13.85% of its holdings. Guess one would have to look elsewhere to find the source of all the "institutional" buying.


Looking at a more recent time frame, TrimTabs reports that the week ended April 22 saw a $411 million mutual fund outflow, reversing the revised inflow of $2.7 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $1.6 billion, versus a revised inflow of $1.9 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an inflow of $1.2 billion, versus a revised inflow of $808 million in the previous week. In addition, bond funds had an outflow of $370 million, versus a revised inflow of $5.5 billion in the previous week, and hybrid funds had an inflow of $1.6 billion, versus a revised inflow of $624 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an outflow of $1.2 billion, versus an outflow of $4.5 billion in the previous week. ETFs that invest in non-U.S. stocks had an inflow of $876 million, versus an inflow of $1.3 billion in the previous week.



So just who are these "large" institutions buying? Sphere: Related Content

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