Investors continue streak of moving away from U.S. equity fundsBy David Randall
U.S. investors
took $4.38 billion out of mutual funds and exchange-traded funds that focus on domestic equities in the week that ended June 28, the second straight week of outflows as U.S. stock indices remained near record highs, Investment Company Institute data showed on Wednesday.
At the same time, investors
moved $6.74 billion into international equity funds, a slight decline from the $8.56 billion invested in the category the week before.
U.S. bond funds took in $5.38 billion, continuing an unbroken streak of positive weekly inflows for the year to date.
The move away from U.S. stocks continues a year-long trend in which investors continue to favor bonds over domestic equities.
Overall, investors
pulled $12.4 billion out of U.S. stock and ETF equity funds between January and the end of May, according to Investment Company Institute data.
Bond funds, meanwhile, saw
$170.16 billion in inflows over the same time period.
Source: Reuters
http://www.reuters.com/article/us-usa-m ... US%20Money
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