Investing.com -- U.S. retail investors shunned active equity funds cashing on their position in the seven days through Jun. 12, in what was the largest outflow of the year ahead of the last week's Federal Reserve policy decision.
During the week ended Jun. 12, retail investors pulled $2.6 billion from US equity funds, reversing the prior week's inflows of $21B, Jefferies said in a March.
Mutual funds, meanwhile, saw an increase in outflows with $21.8B of outflows, well above the $1.0B outflows seen in the prior last week.
While exchange traded funds and money markets recorded inflows, bucking the trend of outflows, the pace inflows had markedly slowed.
Exchange traded funds saw $19.3B of inflows for the period, down from the prior week's $22.0B of inflows. Money markets saw inflows of $26.5B, compared with the prior week's inflows of $21.5B.
For the year to date, money market flows have averaged about $4.3B.