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ICI: Investors Pull More Cash From U.S. Domestic Stock Funds

TedTed
in The Bullpen
FYI: Momentum for domestic U.S. stock funds waned during the latest week, with investors pulling cash from those products for a sixth week out of the last seven, Investment Company Institute (ICI) data showed on Wednesday.

The funds posted $3.9 billion in withdrawals during the week ended Aug. 2, the trade group said, even as U.S. stocks steamed higher. The S&P 500 is on pace to deliver double-digit percent returns for seventh year in the last decade.
Regards,
Ted
http://www.reuters.com/article/us-usa-mutualfunds-ici-idUSKBN1AP220
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