Fleeing equity mutual funds
Earlier this afternoon, I posted a figure on the “getting personal” blog that investirs had withdrawn almost $68 billion from stock mutual funds, year-to-date as of August. The figures come from the Investment Company Institute, the Washington D.C.based trade group for the mutal fund industry. It just came out with the year-to-date figures through September: Investors have taken a net $124 billion out of equity mutual funds.
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