The Russell 2000, the small cap index, hit a new all-time high
yesterday of 1090 even in the face of a possible U.S. government
default. The small cap index has been on fire. It is up over 30% in
just the last 52-weeks.
But despite record highs and near-record highs on some of the
other indexes, equity fund inflow data has not been so
According to ICI, money has been flowing OUT of domestic stock
mutual funds over the past two weeks.
For the week ending Wednesday, Sep 25, $3.7 billion flowed out
of domestic equity funds. It was much the same for the week ending
Wednesday Oct 2, as $3.39 billion flowed out.
ICI will be releasing the latest weekly data tomorrow but I
would not be surprised to see a third week of billion dollar
Mutual funds normally represent the Mom and Pop investor.
If they are pulling money out as markets make new highs, who
is putting money in?
Is this market being driven solely by the professional
ISHARS-R 2000 (IWM): ETF Research Reports
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