Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Analyst Sees Poor Omens for Mutual Funds in May Tea Leaves Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 4, 2010

Analyst Sees Poor Omens for Mutual Funds in May Tea Leaves

News summary by MFWire's editors

The May reversal of tide could be longer termed bad news for mutual fund firms in the opinion of Ticonderoga Securities. The WSJ Fund Track column turns to Ticonderoga in to explain some of the implications of the outflows from equity mutual funds in May. The outflows came on the heels of two months of inflows in March and April.

The article blames May's events -- from Greece to the Gulf to Korea -- for spooking stock markets and mutual fund investors.

The column cites a Ticonderoga Securities report that calls May the worst four-week period for stocks since late February-early March 2009. One difference from that period, though, is that equity fund outflows did not start until four weeks ago, whereas they had been longrunning by early 2009.

The Ticonderoga report suggests "a shattered retail investor confidence" among shareholders.

"While we are not sure if the large outflows this week represent capitulation, we are pretty confident it represents a major negative for the mutual-fund business in general," according to the Ticonderoga report. "We doubt that investors will come back into mutual funds in short order even if the market recovers." 

Edited by: Sean Hanna, Editor in Chief


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use