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Investors Preferred Cash in February

Stock-fund flows on pace for two-month losing streak.

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If trends continue, February and March could end up as the first time equity mutual funds have reported two consecutive months of cash outflows in more than a decade.

The Investment Company Institute (ICI) on Thursday said investors took more money out of stock funds than they put in for the first time since August 1998. Judging from the estimates of some of the largest mutual-fund families in the industry, as well as other independent organizations, equity funds will post net outflows again in March.

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Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.