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Fund investors continue retreat from U.S. stock market

“World stock funds, meanwhile, were little changed, with a net inflow of $283 million” writes Midwest Communications Inc for 95kqds.com. The broad retreat from the U.S. market comes despite a rally that has pushed the benchmark S&P 500 up 19.4% for the year to date.Investors continued to send money to bond funds, which took in slightly more than $6.9 billion last week.Overall, investors have pulled a net of nearly $98 billion out of U.S. stock funds since the beginning of the year, with about $35.5 billion – or 36% of the total outflows – coming since the start of August.
 
Source: 95kqds.com



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