Apr
26
Stock Funds Suffering Big Outflows as Rattled Investors Rush to the Exits
ByInvestors are dumping U.S. stock funds at one of the fastest paces in a decade as rising market turbulence erodes confidence in the nine-year-old bull market.
U.S. equity mutual funds and exchange-traded funds recorded $2.4 billion in outflows for the week ended April 18, according to the Investment Company Institute. That followed $41 billion in outflows from these funds in February—the biggest monthly exodus since January 2008, ICI data show. Overall, investors have yanked $67 billion out of these stock funds since the start…
Stock Funds Suffering Big Outflows as Rattled Investors Rush to the Exits