Investors pulled $100 billion dollars out of equity funds around the world last quarter. Traditional stock and income funds were hardest hit.
A little new money trickled in, most moved around. And where did it go? To cash and near-cash like money market funds.
Commodities funds also enjoyed triple the inflows they had a year ago. But the surprising thing given that investors were fleeing a risky market was that high-risk, high-cost hedge funds got a good chunk of extra money.