$2.7 billion pulled from stock market mutual funds last week
The retreat from the U.S. stock market continued last week, CNNMoney reported. Another $2.7 billion was pulled from U.S. stock market mutual funds during the week ended Aug. 15, according to the Investment Company Institute.
That brings the 2012 outflow total to more than $69 billion. In 2010 and 2011, those funds lost in the neighborhood of $40 billion during the first seven months.
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