Investors pulled money in November from investment companies facing the most serious charges in the mutual fund investigations, according to monthly data from Lipper Inc.

The six asset managers that suffered the most negative publicity last month and were hit by the most serious accusations - Alliance Capital, Bank of America, Janus, Pilgrim Baxter, Putnam, and Strong - had combined November outflows of an estimated $21.3 billion, Lipper reported. Its research indicated that other companies named in the scandals had small net inflows, on balance.

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