In the Margins

Fund investors ignore 'accelerating' corp earnings

October 4, 2017

By Reuters

Fund investors ignored record U.S. stock prices during the latest week, pulling the most cash from domestic equities since August, according to the Investment Company Institute. Domestic equity funds posted $9.3 billion in withdrawals during the week ended Sept. 27, while international stock funds reeled in money for a 43rd straight week. Investors are ignoring the fact that corporate earnings have been "accelerating," according to Richard Bernstein, CEO of Richard Bernstein Advisors LLC. Read the original story from Reuters.