In the Margins

U.S. fund withdrawals follow Brexit vote

July 7, 2016

By Reuters

Mutual fund investors withdrew the most money to date this year during the week after the so-called Brexit vote, according to the Investment Company Institute. The $10 billion withdrawn from the funds over seven days amounts to the largest outflow from the funds since investors pulled $15 billion in the last week of 2015 when oil prices were sinking, threatening stock prices and spurring fears of corporate defaults. Read the original story from Reuters.