Combined assets in the nation's mutual funds decreased by $234.5 billion, or 2.1% to $10.886 trillion in January, according to a survey by the Investment Company Institute.

Led by international equity funds, stock funds showed the biggest turnaround, with inflows of $16.34 billion in January, compared to outflows of $3.53 billion in December. Investors have been fleeing U.S. stock funds for the past four months.

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