Bernie Schaeffer on 2007 U.S. and global equity fund flows

As of December 19, TrimTabs Investment Research reports that U.S. equity funds had lost $51.1 billion year-to-date, on pace to be the largest annual outflow in industry history. This amounts to about 1% of total equity-fund assets of $5.3 trillion. Mutual-fund players seem to be taking the money overseas, as global equity funds saw inflows of $126.9 billion, equal to 7.5% of the $1.7 trillion in global equity fund assets. Since 2005 in fact, U.S. equity funds have lost $9 billion, even while the S&P 500 has grown from 1,212 at the end of 2004 to 1,485 today.

~ Bernie Schaeffer, Schaeffer's Monday Morning Outlook, December 24, 2007