U.S. Retail Mutual Fund Flows Turn Negative In August

U.S. retail mutual fund flows witnessed negative trends in August, with an outflow of $5 billion, observes Citi in its recent research report.

William R. Katz, Neil Stratton and Steven J. Fullerton of Citi favor alternatives over traditionals, given uneven industry dynamics witnessed currently.

August Retail Industry Fund Flows

Analyzing Strategic Insight Simfund’s August U.S. mutual fund AUM/flow data, Citi analysts note that the U.S. retail mutual fund witnessed an outflow of $5 billion, including $27 billion in long-term outflows and $22 billion in money market inflows. The...