BOSTON (AP) — Surging stock prices in October weren't enough to entice mutual fund investors back into the market. Instead, bonds continued to hold appeal.
Investors withdrew a net $17.6 billion from stock mutual funds last month, industry consultant Strategic Insight said on Friday. It was the sixth consecutive month of net withdrawals, which total $97 billion over that period.
October's retreat came as the Standard & Poor's 500 index returned nearly 11 percent, its best month since December 1991.
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