In the Margins

U.S. stock funds see largest outflows this year

May 4, 2016

By Reuters

Mutual fund investors withdrew money from U.S.-based stock funds for the seventh consecutive week, leading to their largest outflows so far this year, according to Investment Company Institute data. Stock funds based in the United States returned $7.9 billion in cash to investors, adding to a near-two-month streak that has swept nearly $32 billion from the funds. That is the largest weekly withdrawal for those funds since investors pulled $8.3 billion in December, according to ICI data through the week ended April 27. Read the original story from Reuters.

 

 

Most Read

10 Things
10 Things...on the regulatory agenda

The Securities and Exchange Commission has been accused of "over-regulation" in recent years as it has proposed and finalized dozens of rules in a relatively short ...

10 Things
10 Things...to read in summer 2024

It's the Summer Solstice, and that means that for most of us the sun is shining, temperatures are heating up, and longer days allow for pursuits ...