In January, U.S. stocks began to see their first major mutual fund in-flows since July of last year. It took many months, but after a strong 2009 equity rally, investors began to rediscover faith in U.S. stocks.
Well, there goes that trend. All it took was a few bad trading days for the stock market to crush this tiny bud of renewed investor optimism.
Based on fund flow data released today by the Investment Company Institute, over $2.2 billion fled U.S. domestic equity mutual funds during the seven-day period ending February 3rd. The average investor’s confidence in stock markets remains paper thin:
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