Retail investors are selling off their exchange traded funds (ETFs) at the highest rate since the bear market of 2001-2002.
Year-to-date as of Feb. 13, investors have redeemed more than $60 billion from equity funds. These funds are going into money market funds, despite the the fact that they have falling yields, reports J.D. Steinhilber for Index Universe.
Risk aversion and pessimism has prevailed among the market. Falling home prices, rising food and energy costs and a lackluster employment market are all adding to the negative feelings.
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