The market volatility has sent investors to the exits in droves, Dow Jones reports. In July, investors pulled $4.1 billion from U.S. equity mutual funds, and in August, early projections put net outflows at $9 billion.
“It has been a very volatile market,” said Charles Biderman, chief executive of
Although the average U.S. stock fund fell 3% in July, the market rose slightly in August, beginning its upturn since the middle of the month, due to the