US Stock Funds Suffer Biggest Outflow Since 2015 As Bond Inflows Soar

Friday, April 7, 2017
By Paul Martin

by Tyler Durden
Apr 7, 2017

According to Bank of America’s Michael Hartnett, citing EPFR data, in the latest week through April 5, there were $7.4BN in outflows from equities, the largest in 40 weeks. At the same time, bonds recorded $12.4 BN of inflows, the highest in 8 weeks, with Treasuries posting largest inflows in 10 weeks as the “great reflationary rotation” crumbled once again. Curiously, this took place prior to the FOMC Minutes warning that stock prices are “too high.”

By geography, the focus was entirely on the U.S., where stocks saw the largest outflow since 2015, or in 82 weeks, as $14.5 billion was redeemed; this was offset by Europe which had its second straight week of inflows ($900m); Japan drew $300MM while $2.4BN entered Emerging Markets.

An amusing chart shows that while tech funds attracted $800m of inflows, thee has been a surge of inflows into “robot funds.”

The Rest…HERE

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