Investors pulled a net $37.97 billion out of mutual funds in November, according to the Investment Company Institute. Most of the outflows throughout the month came from equity funds and most of the inflows were posted by money market and fixed-income funds.

All told, the broad sample of more then 7,600 equity, fixed-income, hybrid and money market funds, ended the month with $11.61 trillion. That’s down less than a half a percentage point from the previous month’s level of $11.66 trillion.

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