Editor's note: What follows below is a brief excerpt from a report released earlier this morning by Hedgeye's Financials team. For more information on how you can subscribe to Hedgeye research click here.
Investment Company Institute Mutual Fund Data and ETF Money Flow:
Equity mutual funds booked an outflow of $3.5 billion for the 5-day period ending September 25th, a reversal from the $3.3 billion inflow the week prior.
Fixed income mutual funds flow improved sequentially week-over-week, resulting in a $1.2 billion inflow, a reversal from the $2.6 billion outflow last week.
Within ETFs, passive equity products experienced another large inflow with $7.3 billion coming into the equity category. Bond ETFs also had positive trends, with a $1.3 billion inflow in the most recent weekly period.
Despite the short term weekly rebound in bond fund flows in the most recent 5 day period, 2013's year-to-date trends reflect a substantial asset allocation shift from bonds and into equities.
