Interest in mutual funds faltered after a strong start in March, according to fund flow statistics released today by the Investment Company Institute. Investors steered an estimated $7.76 billion into mutual funds the week ended Wednesday, March 14, down 35% from the $12 billion inflow the week before.

U.S. equity funds took the biggest lashing, posting estimated outflows of $2.88 billion for the week. Foreign equity funds managed to attract $306 million in fresh investments, down dramatically from the $1.15 billion they took in a week earlier. 

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