Fund Flows

I came upon this post over at Systematic Relative Strength.com after talking about the trillions of dollars invested in money market accounts yesterday.   Notice all the money still fleeing equities right when statistically they are very cheap.  This is a time honored pattern of individual investors doing the wrong thing at the wrong time, similar to March of 2000 seeing the largest ever inflows into equity mutual funds just before stocks began their ascent into the 2000-2003 bear market.

"The Investment Company Institute is the national association of U.S. investment companies, including mutual funds, closed-end funds, exchange-traded funds (ETFs), and unit investment trusts (UITs). Members of ICI manage total assets of $11.82 trillion and serve nearly 90 million shareholders. Flow estimates are derived from data collected covering more than 95 percent of industry assets and are adjusted to represent industry totals  There were positive flows in all asset classes except for domestic equity funds last week."

Link:  Fund Flows.