In the Margins

Investors pull money from funds as stocks, bonds stumble

September 21, 2016

By Reuters

Money pulled out of U.S.-based mutual funds last week was the most since the Brexit vote, according to the Investment Company Institute. Mutual funds and exchange-traded funds shed $4.1 billion overall in the week through Sept. 14, ICI said, as stocks and bonds alike stumbled and investors debated whether central banks would continue to support markets. Read the original story from Reuters.

 

 

 

Most Read

Top of the Agenda - Compensation
IDC: Directors see modest pay increase in 2021

Independent mutual fund director compensation levels increased in 2021, though the year-on-year change was significantly lower than in 2020, according to new data obtained by Fund Board ...

Top of the Agenda - Regulatory
SEC to advisers: Turn over 15(c) documents, info

The Securities and Exchange Commission has begun requesting documentation and information from mutual fund advisers about their funds' 15(c) processes and fees. The Division of Enforcement ...