The S&P 500 hit an all-time high in August. Investors ran out the door.
A record amount of money, more than $50 billion, left the building.
You might think that it’s a continued torrent of investors bailing on actively managed mutual funds, but that’s not at all the case. From Morningstar’s U.S. Fund Flows Batter Equity Funds in August (emphasis mine):
The hardest-hit equity style-box category was la…
A record amount of money, more than $50 billion, left the building.
You might think that it’s a continued torrent of investors bailing on actively managed mutual funds, but that’s not at all the case. From Morningstar’s U.S. Fund Flows Batter Equity Funds in August (emphasis mine):
The hardest-hit equity style-box category was la…
The post Where Are they Going? appeared first on The Irrelevant Investor.