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Posted 12 June 2012 - 02:05 PM
Posted 12 June 2012 - 02:15 PM
http://www.istockana...-equities-lower
Record cash outflows from mutual funds in 2011 but stocks close higher suggesting that stocks are now firmly in strong hands
For weeks I have been saying that there has been a massive transfer of stock ownership from many individual owners (weak hands) into the hands of a relative few (strong hands). Believe it or not, more funds have left equity mutual funds in the last 12 months than in all the years since 1990 put together (I say since 1990 because that is when Bloomberg began keeping ICI mutual fund flow records).
The graph below should have been presented in a histogram format but Bloomberg didn't have that option for this price series.
Posted 12 June 2012 - 05:00 PM
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