Thursday, March 5, 2009

TrimTabs Estimates All Equity Mutual Funds Redeemed $29.9 Billion in Week Ended Wednesday, March 4th

Sausalito, CA – March 5th, 2009 – TrimTabs Investment Research estimates that all equity mutual funds redeemed $29.9 billion in the week ended Wednesday, March 4th, versus a revised outflow of $18 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $19.8 billion, versus a revised outflow of $12.4 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an outflow of $10.1 billion, versus a revised outflow of $5.6 billion in the previous week. In addition, bond funds had an inflow of $1.1 billion, versus a revised inflow of $3.5 billion in the previous week, and hybrid funds had an outflow of $5.3 billion, versus a revised outflow of $2.6 billion in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $592 million, versus an outflow of $739 million in the previous week. ETFs that invest in non-U.S. stocks had an outflow of $1.2 billion, versus an outflow of $540 million in the previous week.

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