May 2003 was the worst month for Fidelity Investments, at least when it comes to bond and stock funds, according to Reuters.

Financial Research Corp. data for May shows that Fidelity investors suctioned $2 billion out of the company’s stock and bond funds, marking its first month of net outflows since October 2002. Fidelity contends that it last had outflows in August 2003, prompting an FRC analyst to assume they just calculate data differently.

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