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Going With the Outflow: Investors Keep Pulling Money From Stock Funds
Stock funds are sagging and fund investors are bailing. This could be the beginning of a fairly vicious cycle.
In a continuing trend, stock funds lost more money to redemptions than they took in last week. In the five trading days ended Thursday, stock funds were in net redemptions to the tune of $11.9 billion, according to the latest figures from liquidity tracker TrimTabs.com. While these numbers represent early estimates, and the firm did have to reduce its outflow estimates from February, they do illustrate investors still slackening appetite for stock funds. ...
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