Fund Investors Pull $56 Billion in Biggest Exit Since 2008
- Stock, bond funds both saw redemptions for week ended Dec. 19
- But ETFs attracted about $25 billion in the same period
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Investors are bailing out of mutual funds as if it were 2008.
Mutual funds suffered redemptions of $56.2 billion in the week ended Dec. 19. That’s the biggest outflow since the week ended Oct. 15, 2008, according to data released Wednesday by the Investment Company Institute. And the numbers over the last several weeks have only gotten worse as the chart below shows.