stocks saw net outflows of $3.45 billion for the week ending Jun 17, accounting for outflows from domestic stock funds for 16 straight weeks. This significant decline was largely due to the dismal trend in the second quarter wherein inflows were down to $41 billion through Jun 17, comparing unfavorably with $102 billion of inflows in the first quarter. In the first half of 2015, fund inflow slumped 36% year over year to $143 billion. The second quarter was also indicative of the flagging confidence of the mom-and-pop investors. counterparts provided some support by adding $1.6 billion in new cash. The massive outflows was a result of domestic stock funds losing out $12.8 billion, while the non-U.S. According to Lipper, all Equity funds saw outflows of nearly $4 billion. Thereafter, U.S.-based funds witnessed the largest outflows in the week ended Apr 1 since early January. Last year, the markets witnessed the Greek debt negotiation drama, the record surge in US dollar, currency devaluation in China and the China-led global market rout, the plunge in biotech stocks following price gouging concerns, and finally the first rate hike in a decade. This was in contrast to the progress of the mutual fund industry in 2015 as the gains only dipped quarter on quarter till the third quarter. The fourth-quarter gains were larger than what the funds gained in the rest of 2015 thus helping them to better their yearly performances. Talking of healthcare and other Sector Equity Funds, gains for some of them would have been impossible if the fourth quarter had not been a profitable one. The best domestic category, Healthcare mutual funds, could score 8.1%. Only Japan Stock funds from the International Equity Funds category finished 2015 with gains of nearly 12%. In line with this, none of the domestic mutual fund categories finished with double-digit gains in 2015. In fact, the Dow & S&P 500 had their worst yearly finishes since 2008. Unlike the 20, the Dow, S&P 500 and Nasdaq failed to hit multiple highs in 2015. While the key benchmarks struggled to finish in the green in 2015, mutual funds too had a torrid run.
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