US Mutual Funds Flow Data…They Are Still At It !

Ok it is ICI data release time again…and guess what ? US investors are still buying shedload of  global equities and dumping bonds. And the latter goes on despite the latest Fed statement being more dovish than expected and the retracement in Yields.

flow26092013 flowmap260920123

I ‘ll remain stubbornly long equity then…..and still look forward to a weaker dollar as those flows are currency un-hedged.