Investors withdrew $8.48 billion from long-term funds in the week ended Dec. 15, the Investment Company Institute said Wednesday. The lion’s share of those withdrawals came from bond funds, which lost $8.62 billion. The week earlier, bond funds had outflows of $1.66 billion.

In the latest week, taxable bond funds saw outflows of $3.77 billion, and municipal bond funds saw outflows of $4.85 billion.

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