Investors are pulling their money out at fastest pace since the crisis of 2008/09, according to data compiled by Markit.
Global stock market suffered another deadly blow today and equities bled globally.
- India's benchmark stock index is one of the worst performer today, down -3.3%.
- Nikkei is relative better performer but down -2.6%, trading just shy of 15000 mark.
- FTSE100 is down -2.5%
- European blue chip index is down about 2%.
- German DAX is one of the best performer, down just about -1.4%.
- Italy's FTSEMIB I down more than 4%, while Spain's IBEX is down around -3.5%.
- S&P 500 is down to January low at 1820 area, down -1.5% in future's trading.
With such selloff, it is more likely that investors will withdraw more funds from ETF. According to Market's calculations, Investors have so far pulled out $10.9 billion out of ETFs. It is first quarterly net withdrawal by investors since the financial crisis of 2008/09.