As the U.S. equity markets climb to new heights, it seems that a growing number of institutional investors prefer to put their money elsewhere. U.S. equity strategies experienced major outflows, according to a new study by strategic consulting firm Casey Quirk & Associates LLC. Roughly $105 billion in total assets poured out of domestic equity products during the year ended March 31.

This is the largest total one-year outflow from U.S. equity strategies since Darien-based Casey Quirk began its study of institutional flows in 2002. The outflow also marks the second consecutive year of negative flow from U.S. equities, with a total of $135 billion moving out since the beginning of 2005.

Institutions continue to drop U.S. equities – Pensions & Investments