In the Margins

Fund investors pull record $23.9b from stock market

February 9, 2018

By Reuters

U.S. fund investors pulled $23.9 billion out of the stock market during the latest week, marking the largest withdrawals from those funds on record, Lipper data showed. “We’re seeing a flight to safety here, money leaving equities, a lot of money going to money markets,” cash-like investments that took in $30.8 billion during the week, said Pat Keon, senior research analyst for Thomson Reuters’ Lipper unit. Read the original story from Reuters.

 

 

Most Read

Viewpoints
Government shutdown hits funds, fund boards

Many news reports have recounted how the partial government shutdown has affected government employees, shuttered national parks, and unsettled the stock market. But few, if any, ...