Outflows from U.S. stock funds slowed in early August, according to the latest statistics from the Investment Company Institute. For the week ended Aug. 8, investors pulled an estimated $3.56 billion from funds that invest long-term in U.S. equities, down significantly from $5.65 billion they withdrew a week earlier. Since the beginning of the year, investors have pulled more than $68 billion from U.S. funds.
Outflows from non-U.S. equity funds also slowed. For the week ended Aug. 8, global funds lost an estimated $122 million in outflows, considerably less than the $1.22 billion they lost the week before.
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