Mutual Fund Capital Heading for Exits, Again

The exit of capital from mutual funds in the United States has slowed down, but showed signs of picking up steam again this month.

The Investment Company Institute reported that $5.8 billion flowed out of domestic mutual funds in the first half of September.

That was half the $12.0 billion that exited U.S. funds, in the two weeks ended September 1.

But, in the week ended September 15, $3.6 billion was pulled out of U.S. long-term mutual funds. That was up more than 50 percent from the prior week, when $2.2 billion was pulled out.

In foreign markets, money actually started flowing into long-term funds. In the week ended September 8, $1.2 billion, overseas. In the week ended September 15, $582 million.

Bond funds remained gainers, with $7.9 billion, $5.9 billion, $6.6 billion, $5.7 billion and $7.8 billion flowing in, around the world, in the last five weeks, consecutively.

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Mutual funds Money Management Executive
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