While U.S. investors remained net purchasers of mutual fund assets for the week ended Feb. 27, political uncertainty seems to have shaken them somewhat.

Investors purchased some $7 billion worth of funds, according to Lipper data. But conventional equity funds and equity ETFs suffered their first week of net redemptions, and investors wary of the looming sequestration deadline spent on taxable bond funds ($4 billion), municipal debt funds ($300 million) and money market funds ($3.6 bilion).

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