US mutual fund outflows surge after downgrade -ICI | Reuters
US mutual fund outflows surge after downgrade -ICI | Reuters: "Wed Aug 17, 2011 1:12pm EDT
NEW YORK, Aug 17 (Reuters) - U.S. mutual funds had the
largest outflows in nearly three years in the wake of the
downgrade of the U.S. credit rating by Standard & Poor's, data
from the Investment Company Institute showed on Wednesday.
Investors pulled a net $40.3 billion out of those funds in
the week ended Aug. 10, the largest weekly withdrawal since
early October 2008, soon after the collapse of Lehman
Brothers."
NEW YORK, Aug 17 (Reuters) - U.S. mutual funds had the
largest outflows in nearly three years in the wake of the
downgrade of the U.S. credit rating by Standard & Poor's, data
from the Investment Company Institute showed on Wednesday.
Investors pulled a net $40.3 billion out of those funds in
the week ended Aug. 10, the largest weekly withdrawal since
early October 2008, soon after the collapse of Lehman
Brothers."
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