Updated Thursday, July 24, 2014 as of 11:19 AM ET
Portfolio - Mutual Funds
Mutual Funds Close 2012 on Sour Note
by: Margarida Correia
Wednesday, January 9, 2013
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Mutual funds closed 2012 on a decidedly sour note, according to the latest statistics from the Investment Company Institute. For the week ended Jan. 2, 2013, investors pulled an estimated $6.44 billion from funds that invest in long-term instruments, the second largest outflow in 2012. The largest outflow occurred three weeks earlier when investors yanked $6.57 billion from mutual funds.

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