Investors flee market at crisis-level pace

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Where to invest amid a volatile market?

Recent market volatility has sent stock market investors rushing for the exits and into cash.

Outflows from equity-based funds in 2015 have reached their highest level since 2009, thanks to a seesaw market that has come under pressure from weak economic data, a stronger dollar and the the prospect of monetary tightening.

Funds that invest in stocks have seen $44 billion in outflows, or redemptions, year to date, according to Bank of America Merrill Lynch. Equity funds have seen outflows in five of the last six weeks, including $6.1 billion in just the last week.

U.S. equities have been particularly hard-hit, with the group surrendering $10.8 billion last week, BofAML reported.

To be sure, the trend could be interpreted as a buy signal. In 2009, the stock market was in the throes of a 60 percent Great Recession plunge that led to unprecedented levels of stimulus from the Federal Reserve—and the birth of a huge bull market that has pushed stocks up more than 200 percent.