Investors pulled $8.7 billion out of mutual funds that invest long-term in U.S. stocks, in the week ended April 18, according to the Investment Company Institute. That brings the pullout to $24.4 billion in March and April and $29.7 billion so far in 2012.
It doesn’t get prettier looking further back.
Since the start of 2011, investors have pulled $164.4 billion out of domestic stock funds. And since the beginning of 2007: $500.8 billion, according to historical data compiled by ICI.
The trend does not carry abroad. International equity funds picked up $8.7 billion in the week ended April 18.
Hybrid funds, which invest in stocks and bonds, gained $1.18 billion for the week, compared to $630 million in the previous week.
Bond funds gained $5.25 billion, compared to $4.15 billion during the previous week. Taxable bond funds saw gains of $4.86 billion, while municipal bond funds gained $399 million.
The $8.7 billion pulled from domestic stock funds was a jump of roughly 500 percent. In the week ended April 11, investors withdrew an estimated $1.53 billion from mutual funds that invest long-term in U.S. stocks.
Securities Technology Monitor