Investors withdrew nearly $3.4 billion from equity mutual funds during the two business days ended Feb. 22, estimates
, a firm that tracks fund inflows and outflows. For the month of February, TrimTabs is projecting a $12.5 billion outflow for equity mutual funds, which would make it the worst month since August 1998, when outflows reached $11.7 billion.
For the most recent period, U.S. equity funds saw outflows of nearly $2 billion. International funds saw outflows of $1.43 billion, estimates TrimTabs.
For the two days ended Feb. 22, the
Nasdaq Composite Index
fell 3.2%, the
was down 2% and the