Investors continue to spurn mutual funds that invest long-term in U.S. stocks, according to the latest statistics from the Investment Company Institute. For the week ended March 28, investors pulled $3.53 billion from domestic stock funds, the largest weekly outflow so far this year.
Foreign mutual funds also posted an outflow, its first since early January, losing an estimated $906 million for the week. Between them, stock mutual funds posted estimated outflows of $4.43 billion.
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