Interest in mutual funds dipped mid-December to a record low for the year, according to the latest statistics from the Investment Company Institute. For the week ended Dec. 12, investors pulled an estimated $6.57 billion from mutual funds, more than three times the $2.02 billion they withdrew a week earlier and the most theyve withdrawn in one week this year.
U.S. stock mutual funds were the heaviest hit, losing $7.23 billion in estimated outflows for the week, followed by non-U.S. funds, which lost an estimated $1.25 billion.
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