Investors worldwide pulled $171 billion out of mutual funds in the third quarter of 2011, according to statistics released late Thursday by the Investment Company Institute. The bulk of the money was withdrawn from equity funds, which posted $109 billion in net outflows for the quarter. In the Americas and Europe, equity funds experienced net outflows of $69 billion and $60 billion, respectively.
Balanced/mixed funds and money market funds also posted net outflows for the third quarter, with balanced funds losing $20 billion and money market funds losing $63 billion.
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