NEW YORK, June 30 (Reuters) - Investors pulled a net $6
billion from U.S. equity mutual funds in the week ended June
29, with most of the outflows coming from exchange-traded
funds, data from Thomson Reuters' Lipper showed on Thursday.
Stock funds focused on domestic equities suffered the
majority of the outflows, or $5.8 billion.
While the flow of cash out of equities is seen as a
risk-averse move, the $20.8 billion in net outflows for money
market mutual funds extended their streak of net redemptions to
four out of the last five weeks.
More: http://www.reuters.c...E75T25G20110630
Edited by Rogerdodger, 04 July 2011 - 11:12 PM.
