Trim Tabs has released its weekly mutual fund flow data: the company estimates that all equity mutual funds posted an inflow of $11.9 billion in the week ended Wednesday, April 8, versus a revised inflow of $3.0 billion in the previous week.
Equity funds that invest primarily in U.S. stocks posted an inflow of $11.1 billion, versus a revised inflow of $2.7 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an inflow of $844 million, versus a revised inflow of $287 million in the previous week. In addition, bond funds had an inflow of $1.7 billion, versus a revised inflow of $6.8 billion in the previous week, and hybrid funds had an inflow of $361 million, versus a revised inflow of $409 million in the previous week.
Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an outflow of $1.4 billion for the second consecutive week. ETFs that invest in non-U.S. stocks had an inflow of $1.9 billion, versus an inflow of $502 million in the previous week.
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Thursday, April 9, 2009
Mutual Funds Report $11.9 Billion In Inflows For Week Of April 8: Throwing Fuel Into The Rally
Posted by
Tyler Durden
at
6:22 PM
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6 comments:
Anyone have a perspective on why equity ETFs have outflows while equity mutual funds show major inflows? Shouldn't they be somewhat positively correlated?
i told you the last time you posted this that real money was chasing the rally
Equity ETF = Smart Money
Equity Mutual Funds = Dumb Money
"Equity Mutual Funds = Dumb Money"
Retail, coming home to papa.
"Equity ETF" - Luke Warm Money.
So, if the entire combined market cap of all U.S. exchanges is currently around $30 trillion, this should drive stock prices up approximately 0.04%...
No, my dear Watson, there must be another explanation!
How is it even possible for ETFs to have outflows?
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