“The latest data from fund-industry group ICI shows domestic stock funds suffered a net outflow of $7.4 billion in the week ended Aug. 3. Since the week ended July 6 — which was the week before the Standard & Poor’s 500 stock index hit its first of eight record highs — fund investors have yanked a net $37.4 billion out of long-term mutual funds that invest in American companies. As has been the case in recent years, money flowed into bond funds, despite the fact that yields on most fixed-income assets, such as U.S. government bonds, high-yield corporate bonds and other income-producing investments, are at or near record lows.”
http://www.usatoday.com/story/money/markets/2016/08/11/many-cashing-out-stock-mutual-funds/88546132/
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