Pullout from U.S. Stock Funds Crosses $130B

Investors have now pulled more than $130 billion out of mutual funds that invest long term in United States stocks, since May 1.

…..In the six months ending October 31, $114.8 billion already had been pulled out of U.S. stock funds. The peak was in August, when Standard & Poor’s downgraded the rating of U.S. government debt. That month $26.3 billion was pulled out. But the pullout has stayed above $14 billion every month since.

via Pullout from U.S. Stock Funds Crosses $130B.

ICI – Trends in Mutual Fund Investing, September 2011

The combined assets of the nation’s mutual funds decreased by $582.3 billion, or 5.0 percent, to $11.040 trillion in September, according to the Investment Company Institute’s official survey of the mutual fund industry.

via ICI – Trends in Mutual Fund Investing, September 2011.

The fall in Stock Funds was far greater, at 9.5%, compared to only 1.3% in Taxable Bond Funds and 0.1% in Taxable Money Market Funds.