U.S. stocks funds suffered another setback as investors continued their relentless retreat from funds that invest long-term in U.S. equities. For the week ended Dec. 5, investors pulled an estimated $5.84 billion from U.S. funds, bringing total outflows for the year to more than $136 billion, according to the latest statistics from the Investment Company Institute.
Non-U.S. stocks also took a beating, losing an estimated $1.32 billion for the week. The outflows from both U.S. and global funds came just as they appeared to be subsiding. Both categories of funds lost a relatively mild $613 million and $15 million the week before.
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