Investors delivered yet another blow to U.S. stock mutual funds, according to the latest statistics from the Investment Company Institute. For the week ended April 25, investors yanked an estimated $1.60 billion from mutual funds that invest long-term in U.S. stocks, the only mutual fund category to post an outflow. The outflow comes on top of the blockbuster $8.68 billion that was pulled from the funds a week earlier. Since the beginning of the year, U.S. mutual funds have lost more than $31 billion.
Investors instead rewarded foreign stock funds, sending an estimated $2.53 billion their way for the week. The infusion was down 71% from the mega $8.72 billion inflow a week earlier.
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