TrimTabs: Pulling Out the $

April 23, 2009 11:33 pm

It is hard to believe that over the past two weeks money has been pouring out of funds. Where is the buying coming from then? Perhaps we should ask the quant funds and the re-balancing act by the mutual funds ( 3pm-4pm inquiries not allowed)

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $411 Million in Week Ended Wednesday, April 22

Sausalito, CA – April 23, 2009– TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $411 million in the week ended Wednesday, April 22, versus a 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.

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