Interest in U.S. stock funds nosedived yet again as investors yanked an estimated $7.51 billion from mutual funds that invest long-term in U.S. stocks, according to statistics from the Investment Company Institute for the week that ended Nov. 20.
The hefty outflow is on top of the $6.63 billion investors pulled from the funds the week before and the $2.14 billion withdrawn the week prior to that. Since the beginning of the year, investors have withdrawn more than $131 billion from the beleaguered funds.
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