The trend in mutual fund flows is starting to get ugly. In the chart below we show the one year moving sum of flows into equity mutual funds (red line, left axis) and then overlay the S&P 500 price (blue line, right axis). By this...
The exudes seen in bond funds last year has shown persistent signs of reversal in 2014. Indeed, over the last four weeks about $12.4bn flowed into bond funds (blue line). Meanwhile, equity funds, which saw positive flows throughout most of 2013 and the first few...
In what was the biggest bond market rout in years, bond funds saw just over $500bn of outflows in 2013 according to the Investment Company Institute (through November). Meanwhile, equity funds accumulated $128bn in new assets, making 2013 the best asset accumulation year since 2007....
