In the Margins

U.S. stock funds see largest outflows this year

May 4, 2016

By Reuters

Mutual fund investors withdrew money from U.S.-based stock funds for the seventh consecutive week, leading to their largest outflows so far this year, according to Investment Company Institute data. Stock funds based in the United States returned $7.9 billion in cash to investors, adding to a near-two-month streak that has swept nearly $32 billion from the funds. That is the largest weekly withdrawal for those funds since investors pulled $8.3 billion in December, according to ICI data through the week ended April 27. Read the original story from Reuters.

 

 

Most Read

Top of the Agenda - Compensation
IDC: Directors see modest pay increase in 2021

Independent mutual fund director compensation levels increased in 2021, though the year-on-year change was significantly lower than in 2020, according to new data obtained by Fund Board ...

Top of the Agenda - Regulatory
SEC to advisers: Turn over 15(c) documents, info

The Securities and Exchange Commission has begun requesting documentation and information from mutual fund advisers about their funds' 15(c) processes and fees. The Division of Enforcement ...