According to TrimTabs.com Investment Research, investors took $1.48 billion out of stock-based mutual funds Tuesday through Thursday, Dow Jones Newswires reports.
This is contrasted with investors adding $1.25 billion to bond-based mutual funds during the same period.
Dow Jones Newswires reports that the outflow was primarily from international stock funds, with investors withdrawing $1.4 billion. The remainder occurred on the domestic level, at around $79 million.
During the same time frame, the Dow Jones Industrial Average gained 1.2%, the Nasdaq, 0.1% and the S&P 500 rose 1.2%.
TrimTabs.com, based in Santa Rosa, CA, says it computes its estimates by directly tracking the cash flow of 679 stock funds and 291 bond funds through a computer model.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.