Investors continue to flee mutual funds as they prepare for the start of 2013. For the week ended Dec. 19, investors pulled an estimated $4.49 billion from mutual funds, marking the third consecutive week that investors left the funds in the red, according to the latest statistics from the Investment Company Institute.
U.S. equity funds suffered the biggest outflows, losing an estimated $5.22 billion for the week. Global stock funds, in contrast, attracted $292 million in estimated inflows.
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