Investors withdrew from investment funds in the United States as if they were 2008. Investment funds received a cancellation of US $ 56.2 billion in the week ending December 19. This is the biggest cash outflow since the week ended October 15, 2008, according to data published this Wednesday by the Investment Company Institute.
However, although investors abandoned investment funds last week, they added US $ 25.2 billion to exchange-traded funds. And a group of optimists, business members, have increased their purchases in the past two months.
The flow of investment funds comes when stocks plummet amid fears of a global economic slowdown and President Donald Trump's criticism of the Fed's Jerome Powell. The S & P 500 index lost 5.4% in the week. which ended on December 19.
Referring to the flow of money to registered mutual funds, ICI chief economist Sean Collins said in a statement that he agreed that "some investors see a period of volatility as an opportunity to buy."