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

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.

Source: Investors Pull Out of Mutual Funds at the Fastest Rate in Two Years - Bloomberg Business

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