Investors stepped up their pullback from mutual funds that invest in stocks, long-term, last week.
After two weeks where outflows seemed to slow to a relative trickle, investors took $2.9 billion out of domestic, long-term equity funds in the week ended October 27, according to Investment Company Institute statistics.
That compares to $218 million pulled out in the week that ended October 20 and $624 million in the week before that. In the week ended October 6, investors took out $5.4 billion.
Since the May 6 Flash Crash, investors now have taken $82.8 billion out of long-term equity mutual funds, according to a compilation of ICI data by Money Management Executive.
The pattern is not repeated abroad. In the week ended October 27, foreign equity funds saw $569 million flow in, according to the ICI data.
Bond funds were up $5.3 billion and hybrid funds which can invest in stocks and bonds, were up $356 million.