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Investors walk away from mutual funds, leaving billions on the table

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Richard Drew/AP

(Read caption) Traders work on the floor of the New York Stock Exchange Friday. Brown cites data from ConvergEx showing that investors in U.S. stock mutual funds have withdrawn $347.2 billion over the past three years.

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Josh here - Nick Colas, Chief Market Strategist at ConvergEx, calculates that investors have left roughly $65 billion in gains on the table by walking away from their equity mutual funds over the last several years.  This is offset by the fact that they may have simply switched some of the money into bond funds, of course.  Even still, pulling $347 billion from stock funds over three years seems like a lot until you consider that they are still holding $5.6 trillion worth.

Some interesting stats from the ConvergEx team below...

Good stuff.

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