Investors continue to punish U.S. equity funds, according to the latest statistics from the Investment Company Institute. For the week ended Sept. 12, investors pulled an estimated $2.75 billion from funds that invest long-term in U.S. stocks, marking the eighth consecutive week that investors have withdrawn money from the funds.
Non-U.S. stock funds also posted an outflow for the week, losing an estimated $548 million, more than double the previous week's $225 million outflow.
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