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Mutual Fund Investors Take Wait-And-See Approach Ahead Of FOMC Meeting
2015-08-04 23:08:40| Chemicals - Topix.net
Despite the flight to safety and what many market pundits might have expected-a subsequent uptick in flows to money market funds, for the second week in three investors were net redeemers of fund assets , withdrawing a net $6.2 billion for the fund-flows week ended, Wednesday, July 29. Investors pulled money out of all four of Lipper's major macro-groups, redeeming $3.5 billion from taxable bond funds, $1.8 billion from equity funds, $0.9 billion from money market funds, and $73 million from municipal bond funds.
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Category:Chemicals