Dec

Investors Pull Out of Mutual Funds at the Fastest Rate in Two Years

Redemptions hit stock, bond and hybrid funds, ICI data show
Municipal bonds are the only category that attracts deposits

Investors pulled more money from U.S. mutual funds last week than they have in any seven-day period in the past two and a half years.

Net redemptions reached $28.6 billion in the week ended Dec. 16, according to a statement from the Investment Company Institute, a trade group. It was the biggest weekly outflow since June 2013, ICI data show…

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Investors Pull Out of Mutual Funds at the Fastest Rate in Two Years

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