As trading opens on another nervous week on Wall Street, mainstream investors are casting their votes on prospects by racing out of mutual funds that invest in stocks long-term.

In the week heading into the four straight days of 400-point movements in the Dow Jones Industrial Average that was sparked by the first-ever downgrade of U.S. debt, investors pulled $10.4 billion out of domestic equity funds, according to the Investment Company Institute. Worldwide, $13.0 billion was pulled out of equity funds.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.