Frightened Investors Withdrew A Staggering And Near Record $63 Billion Out Of Mutual Funds In The Past 3 Months

"With many people still wondering if the downside action has been a test of the recent lows, today King World News is pleased to share an extraordinary piece which takes a look at the staggering amount of withdrawals by frightened investors out of mutual funds in the past 3 months as panic recently began to engulf the world.  This piece also includes two key illustrations that all KWN readers around the world must see.

October 1 (King World News) – Jason Goepfert at SentimenTrader:  “Investors fled U.S. mutual funds in August. Domestic funds suffered more than $60 billion in outflows over the past three months, among the most severe redemptions in thirty years. As a percentage of total assets, the damage wasn’t as bad but still ranks as extreme (see chart below).

It’s not news that investors got scared in August.

Many of the indicators that we looked at near month-end were at multi-year or even decade-long extremes of fear and uncertainty..."

at http://kingworldnews.com/frightened-investors-withdrew-a-staggering-and-near-record-63-billion-out-of-mutual-funds-in-the-past-3-months/