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ICI: U.S. Fund Investors Withdraw Most Cash In Three Years

TedTed
in The Bullpen
FYI: U.S. fund investors stripped the most cash from U.S.-based mutual funds in more than three years in the latest week, Investment Company Institute (ICI) data showed on Wednesday, as concern mounted about interest rates and economic growth.

More than $17 billion poured out of stock funds during the week ended Dec. 12, the most since June, while a six-week high of $12 billion fled bond funds, as mutual fund withdrawals overwhelmed ongoing demand for exchange-traded funds (ETFs).
Regards,
Ted
https://www.reuters.com/article/us-usa-mutualfunds-ici/u-s-fund-investors-withdraw-most-cash-in-three-years-ici-idUSKCN1OI2MS
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