Friday, May 13, 2016 8:49:41 AM
Submitted by Tyler Durden on 05/13/2016 07:13 -0400
http://www.zerohedge.com/news/2016-05-13/everyone-still-selling-biggest-monthly-outflow-global-stocks-us-downgrade
One recurring question over the past few weeks has been "who is buying" stocks in a world in which not only the smart money, but everyone else too is selling. The latest Lipper data will not provide the answer because as BofA reports, in the latest week there was another $7.4bn in outflows (the 5th straight week) driven by $4.8bn in mutual fund outflows and $2.7bn ETF outflows, leading to a $44bn equity exodus past 5 weeks, which as Michael Hartnett points out is the "largest redemption period since Aug’11", or when the US downgrade sent US stocks into a bear market tailspin.
There is more including charts at the link above...
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