Investors Flee U.S. Equity Funds, Run Into Arms of International Fare
February was a tough month for fund flows in general.
February was a roller coaster for markets worldwide, and this volatility was reflected in fund flows. February's flows across all category types amounted to negative $7.7 billion, versus January's flows of positive $128.1 billion.
Specifically, investors shunned U.S. equity in February--not only active funds but passive ones as well. Redemptions of $8.4 billion from passive U.S. equity marked the first monthly outflow for the category since April 2015.