Decent write up of the changing inflow/outflows to funds.
U.S. equity funds saw almost $15 billion of outflows in the week ended April 5, the biggest withdrawal since the third quarter of 2015, and money barely returned the following week, according to EPFR data.
U.S. stock benchmarks fell further from record highs last week amid escalating geopolitical concerns and confusion about the future of Trump’s growth agenda. The S&P 500 has pared its year-to-date gain to about 4.6 percent, with investors favoring funds tracking shares of overseas companies.
Tldr: skepticism about the new administration's ability to enact its agenda is creeping in to markets. Outflows from domestic funds with investors favoring international stocks and fixed income.
Submitted April 18, 2017 at 11:37AM by MasterCookSwag http://ift.tt/2nZEnVx
