Volatility Sparks Investor Exit From Stock Funds
Record monthly outflows hit stock funds in April, but overall investors are staying put for now.
It seems this year's market volatility finally started to get the attention of fund investors in April.
While that upheaval was inflicting losses on the holders of stocks and bonds for months, fund investors had been largely patient in sticking with their holdings through the first quarter.
That appears to have ended in April as investors decided it was time to take some of their chips off the table, pulling a record amount of cash from diversified U.S. stock funds.
Katherine Lynch does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.