Fund Investors Retreat From U.S. Stocks As S&P 500 Hits Records

www.oann.com | 6/19/2019 | Staff
Coraav (Posted by) Level 3
NEW YORK (Reuters) – Investors pulled slightly more than $5 billion out of mutual funds and exchange-traded funds that hold U.S. stocks last week, ending what had been the largest rush into domestic stocks since 2016, according to data released Wednesday by the Investment Company Institute.

The retreat from the U.S. stock market came after investors had pushed $17.9 billion into funds that hold domestic stocks over the two previous weeks, and was the first move away from U.S. stocks since the $8.2 billion decline in net assets during the week that ended June 5.

Investors - Total - US - Stock - Funds

Investors have pulled a total of $35.6 billion out of U.S. stock funds since the start of the...
(Excerpt) Read more at: www.oann.com
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