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 The $10 billion withdrawn from the funds over seven days amounts to the largest outflow from the funds since investors pulled $15 billion in the last week of 2015 when oil prices were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.

 

 

Most Read

10 Things
10 Things...Boards will face in 2023

As mutual fund board members look forward to 2023, which is just around the corner, they are faced with a number of challenges and tasks unique ...