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March saw record outflows of $326 billion from long-term mutual funds and exchange-traded funds as the COVID-19 pandemic spurred the fastest bear market for equities in stock market history, according to Morningstar data.
By comparison, the largest spike in monthly outflows during the 2008 financial crisis was $104 billion.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
