The biggest mutual funds in the nation have lost more than an estimated $4 billion in the past week alone on their investments in
Among those believed to be hardest hit are the
And as the mortgage market continues to deteriorate, mutual fund performance is expected to take further hits. Along with that, net outflows could rise.
I would expect [outflows] to continue, given the bad performance over the last week, said
Financials are getting killed, added William Blair & Co. Analyst D.J. Neiman. The markets getting crushed, and they are getting beat up more.