Equity funds experienced an outflow of $1.5 billion in July, the first net outflow since March, Lipper reported today. Conversely, money-market and other fixed income funds reported inflows, with bond funds taking in $7 billion, the largest total since January.

In March, equity funds had a record outflow of $6.8 billion, according to Lipper. However, over the next three months, equity funds took in $21.3 billion, $13.0 billion, and $16.2 billion, respectively.

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