Cumulative Bond and Equity Fund Flows Since 1996

Reposted here from zerohedge is a stunning chart of cumulative flows to bond and equity funds since 1996.  It shows that total fund flows into equity funds are negative over the last 16 years.  Considering that US households have saved $5.4T over this time period (according to the BEA), the fact that equity funds have not seen positive inflows is staggering.