In the Margins

U.S. fund withdrawals follow Brexit vote

July 7, 2016

By Reuters

Mutual fund investors withdrew the most money to date this year during the week after the so-called Brexit vote, according to the Investment Company Institute. The $10 billion withdrawn from the funds over seven days amounts to the largest outflow from the funds since investors pulled $15 billion in the last week of 2015 when oil prices were sinking, threatening stock prices and spurring fears of corporate defaults. Read the original story from Reuters.

 

 

Most Read

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 ...

Top of the Agenda - Compensation
Fund board pay increases in 2023, MPI survey says

Independent mutual fund directors saw an increase in compensation in 2023, on average, although actual compensation levels and percentage adjustments in compensation continue to vary widely ...