May 21, 2019
During December 2018, when the market was declining -scratch that - panicking, and stock prices were getting less expensive, investors sold $28.9 Billion of US equity mutual funds and ETFs and they sold $29 Billion of Non-US mutual funds and ETFs. $57 Billion formerly invested in equities went somewhere. Bond funds experienced $49 Billion of outflows as well. Was it mattress time? Since there are always two sides to a trade, some investors made out well to the detriment of others.
In December, the S&P 500 index declined 10%. The net selling stopped on Christmas Eve and at that point the index was down 15.7%.
January through March, US funds had outflows of $16.6 Billion and World funds had inflows of $4.6 Billion. Net equity outflows were $12 Billion.
But during April and so far in May, $27 Billion of equity fund outflows have occurred. US outflows were $19.8 Billion and Non-US was $7.7 Billion.