TrimTabs Investment Research

Mutual-fund investors pulled an estimated $13.9 billion from U.S. and international stock funds in the week through Oct. 15, or only about one-third of the $43.3 billion exodus in the prior week, TrimTabs Investment Research reported Thursday. Still, outflows from U.S. stock funds, global equity funds, and bond funds are on track to set records in October. Funds that invest primarily in U.S. stocks posted an outflow of $7.9 billion, versus an outflow of $27.3 billion a week earlier. Funds that invest primarily in non-U.S. stocks had an outflow of $6.1 billion, compared to an outflow of $16 billion in the prior week. But bond funds came under the greatest pressure as investors withdrew $15.1 billion, or almost twice the $8.8 billion that moved out of these funds in the previous week. Bond funds have experienced the most ferocious selling, TrimTabs said, losing an estimated $35.3 billion (equal to 2.5% of assets) so far this month.