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Just Before S&P Set Record, Investors Pulled $10 Billion From Mutual Funds

FYI: As the summer began, nearly $10 billion exited mutual funds as investors left equity funds in favor of bonds, just before the S&P 500 hit 3,000.

In a reflection of how jittery investors are, an estimated $9.88 billion flowed out of long-term mutual funds during a six-day period ending July 2, according to the Investment Company Institute’s weekly fund-flow estimate report.
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