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FBN’s Charlie Gasparino with news that the ICI estimates March outflows from mutual funds of more than $11 billion.
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-- Europe and worries about the bond market you -- investors are moving into US stocks but not.
According to China Gasparino he has all the details -- Well I mean it's not just investors here guys we -- talking about small investors had to we noticed.
Average investor generally invest in mutual funds and what we've seen so far this year is a pretty significant.
An increase in outflows from stock US stock mutual fund these are the latest data coming from the investment companies do which tracks.
-- fund inflows and outflows is what we know.
January.
January February at about five billion dollars total in outflows was -- Fox's network has learned is that the -- -- now estimates.
March outflows to be eleven billion dollars that's an estimate.
We're gonna get a further update essentially later this month but that's pretty bad news for anybody looking at the market and you know it would really comes down -- -- -- It's a voted no confidence in the president's alleged recovery did this -- if you believe.
President Obama right now we're the middle of -- fairly significant recovery.
GDP go to unemployment going up but usually it going down that's usually a time to invest in US corporations because you that you would think.
Corporate profits would be going up as well -- small investors.
Are saying no way and -- -- act actually yanking money.
At a stock mutual -- -- at a fairly high -- about figures and over a lot of caveats here small investors.
Generally come in and out of the market a lot of times when they shouldn't.
But we should point out that.
The on the retail level.
Investors don't believe in this recovery and they certainly don't believe in in this gold bull market I suspect you.
All right Charlie Gasparino thanks so much for that report.
