In the Margins
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.
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