TrimTabs.com Investment Research expects outflows of $3.5 billion for October in the midst of turbulent markets, according to Bloomberg.
The net outflows would be the first since the $11.7 billion that “fled” in August 1998 when Russia defaulted on its debt. Net outflows through October 24 have totaled $2.6 billion.
Most of that outflow is currently attributed to international funds, some $2.2 billion, although the category accounts for just 14% of assets.
TrimTabs projects that technology fund outflows will total $246 million, the first net outflow since February 1999 for the sector. Bonds are expected to see a net $3.2 billion flow out for the full month.
Apparently bucking the current are aggressive growth funds, with an expected net inflow of $3.1 billion for the month.