Thursday, February 26, 2009

TrimTabs Estimates All Equity Mutual Funds Redeem $22.7 Billion in Week Ended Wednesday, February 25th

Sausalito, CA – February 26th, 2009 – TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $22.7 billion in the week ended Wednesday, February 25th, versus a revised outflow of $977 million in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $18.2 billion, versus a revised inflow of $365 million in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $4.6 billion, versus a revised outflow of $1.3 billion in the previous week. In addition, bond funds had an outflow of $2.1 billion, versus a revised inflow of $4.4 billion in the previous week, and hybrid funds had an outflow of $864 million, versus a revised outflow of $366 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an outflow of $739 million, versus an outflow of $6.9 billion, in the previous week. ETFs that invest in non-U.S. stocks had an outflow of $540 million, versus an outflow of $203 million in the previous week.

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