U.S. equity funds took a beating the week ended Wednesday, February 1, posting cash outflows of $1.8 billion, according to statistics released today by the Investment Company Institute. That’s a big reversal from the week before when investors steered $850 million in U.S. stock funds.
Foreign stock funds helped stanch the huge outflow, pulling in an estimated $108 million in new investments for the week. But even they were down from the $323 million they gained the week before.
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