In the Margins

Investors pull $6b from stock funds

May 19, 2017

By Reuters

U.S. fund investors pulled $6 billion from domestic-focused stock funds in the week ended Wednesday, a third straight week of outflows, Lipper data showed on Thursday, amid upheaval for the Trump administration and fears that Washington will not enact market-boosting policies. "It was basically a flat, non-eventful week, until yesterday when all hell broke loose," said Pat Keon, senior research analyst for Thomson Reuters' Lipper unit. Read the original story from Reuters