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Investors Pull Largest Amount From U.S. stock funds since 2014

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Top News In The Global Economy? Recession is coming. By David Randall NEW YORK, July 10 (Reuters)
 
July 10 · Issue #96 · View online
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Top News In The Global Economy? Recession is coming.
By David Randall NEW YORK, July 10 (Reuters) - U.S. investors pulled the largest net amount of assets from mutual funds and exchange-traded funds that hold domestic stocks in more than five years last week even as the U.S. equity market hit record highs, according to data released Wednesday by the Investment Company Institute. The roughly $25.1 billion in net outflows from domestic stock funds was the largest since the $25.2 billion pulled from the category during the week that ended Feb. 5, 2014. Over the last two weeks, investors have pulled approximately $30.6 billion from U.S. stock funds. At the same time, the benchmark S&P 500 index has notched several record highs, bolstered in large part by expectations of an equity-friendly interest rate cut by the Federal Reserve by the end of the year. 

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