Author: David I. Templeton, CFA, Principal and Portfolio Manager
In the Investment Company Institute's release of weekly fund and ETF flows on July 23, 2025, the report showed a significant outflow in U.S. equities. The report shows a $299.5 billion outflow from U.S. equities. In reviewing the data back to early 2016, this outflow is significantly larger than any past outflow reported. Next week one will see if this report is revised in any way, but for now, given the nearly uninterrupted advance in the U.S. equity market, investors might want to take note of this data point. ICI does note, "The outflows from domestic equity mutual funds for the week ending July 16 were primarily driven by activity in collective investment trusts, rather than by redemptions from individual investors." These represent outflows nonetheless.
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