Investors continue to pull money out of mutual funds that invest long-term in U.S. stocks. According to the latest statistics from the Investment Company Institute, an estimated $5.76 billion left domestic equity mutual funds the week ended Dec. 7, continuing a long streak of net investor redemptions. Since May 1, investors have been pulled nearly $135 billion from U.S. stock funds.
Overall, for the week ended Dec. 7, investors withdrew an estimated $3.34 billion from long-term mutual funds, those the ICI defines as investing in long-term instruments.
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