Flows into equity funds have remained flat ever since the market bottomed out on March 9, an indication that investors remain spooked by the market’s sharp decline last year—despite the S&P 500’s year-to-date 59% gain.
In fact, in September, investors withdrew $11 billion from equity funds, according to
Investors’ continued pessimism in the face of such strong profits shows a historic change in their attitudes toward investing, MarketWatch reports.