Another month of a rising stock market, another month of retreat for mutual fund investors.
By Mark Jewell|September 13, 2012 at 01:47 PM
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BOSTON (AP) — Another month of a rising stock market, another month of retreat for mutual fund investors.
Industry consultant Strategic Insight reported on Thursday that a net $11 billion was withdrawn from U.S. stock funds in August, the sixth month in a row that withdrawals have exceeded deposits. That’s despite last month’s 2.3 percent rise in the Standard & Poor’s 500 index.
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