The pelting of U.S. stock funds continues unabated, according to the latest statistics from the Investment Company Institute. For the week ended June 20, investors pulled an estimated $1.85 billion from mutual funds that invest long-term in U.S. equities, almost three times the $620 million withdrawn from the funds a week earlier. The funds have lost more than $53 billion in outflows since the beginning of the year.
All other fund categories posted inflows for the week, including global equity funds, which took in $327 million. Hybrid funds — those that invest in both stocks and fixed income securities — posted estimated inflows of $1.18 billion.
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