Equity Fund Outflows Surge, $4.29 Billion From U.S.

Sept. 4 (Bloomberg) — Investors withdrew a net $4.95 billion from equity funds and added $5.06 billion to bond funds in the week to Sept. 2, amid concerns about the strength of a world recovery, EPFR Global said in a report.

“They struggled to make the connection between equity markets at 10 to 12 month highs and a global economy that has digested the bulk of the fiscal stimulus packages served up in recent months but continues to shed jobs,” wrote the EPFR, which tracks funds with $10 trillion worldwide. “Going into September they steered the cash they once again pulled out of Money Market Funds into fixed income rather than equity funds.”

http://www.bloomberg.com/apps/news?pid=20603037&sid=a1xw4v9Kwxss

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