Investors continue to turn their back on U.S. stock mutual funds, according to statistics released today from the Investment Company Institute. For the week ended April 4, investors pulled an estimated $4.27 billion from mutual funds that invest long-term in U.S. stocks, the largest weekly outflow so far this year. Since January, investors have yanked more than $19 billion from U.S. stock funds.
Investors showed greater confidence in foreign equity funds, sending an estimated $1.22 billion their way, according to the latest weekly stats.
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