Monday, August 23, 2010

Is there really a mutual fund outflow?

Felix Salmon gets to the bottom of the Mutual Fund outflow statistics which caused quite an uproar today. There was even a story on Public Radio's marketplace tonight about the $33 bn that apparently has been pulled from equity funds.

The truth, as Felix nicely points out is that while there has been an outflow from domestic equities, the overall flow into world wide equities as a whole is still positive.

Overall, mutual fund flows are pretty much flat this year.