Half Last Week's Record Stock Inflows Just Got Yanked Back Out
- U.S. stocks see outflows; government bonds, gold lure inflows
- Japanese equities continue to attract funds despite trade risk
Jim Paulsen Says This Is Still a Very Vulnerable Marketplace
This article is for subscribers only.
Even before the ramp up in global trade tensions on Thursday, investors were heading for the exit from risky assets, just one week after plowing a record amount of money into the stock market.
Some $19.9 billion was withdrawn from equity funds in the week to March 21, Bank of America Merrill Lynch said in a report, citing EPFR Global fund flow data. The U.S. saw the brunt of the selling with $24.9 billion pulled from American stocks. High-yield bond funds were also in the cross-hairs with an outflow of $1.6 billion, the 10th straight week of redemptions.