Small Caps Hit Another Record High - Real Time Insight

By Tracey Ryniec,

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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 positive.

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 outflows.

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 investor?

ISHARS-R 2000 (IWM): ETF Research Reports

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Stocks
Referenced Stocks: IWM

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