Equity funds experienced an outflow of $5.25 billion, in August, the Investment Company Institute reported today. Total assets in equity funds fell 5.7% to under $3.39 trillion last month, according to the ICI.

Of the equity outflows, international funds lost $5.5 billion and domestic funds lost $1.74 billion, according to the ICI. Although substantial, the equity outflows were less severe than preliminary figures from Lipper indicated, which reported total equity outflows of $8 billion ( MFMN 9/24/01).

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