Long-term mutual funds were hit with -$10.381 billion in redemptions the week ended July 27, the Investment Company Institute said. This came on the heels of -$4.58 billion in redemptions the previous week.

Equity funds saw -$10.094 billion in redemptions, -$8.758 billion from domestic stock funds and -$1.336 billion from international stock funds. Equity funds had outflows of -$6.84 billion the previous week.

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