Fund investors retreat from U.S. stocks, bonds as coronavirus fears grow
Fund investors retreated from
nearly all U.S. asset classes last week, pulling the largest
amount of net assets from mutual funds and exchange-traded funds
that hold U.S. equities since February 2018 and withdrawing more
than $100 billion from bond funds over the same time, according
to data released on Wednesday by the Investment Company
Institute.
The steep withdrawals came as markets continued to be
volatile due to the rapidly spread
nearly all U.S. asset classes last week, pulling the largest
amount of net assets from mutual funds and exchange-traded funds
that hold U.S. equities since February 2018 and withdrawing more
than $100 billion from bond funds over the same time, according
to data released on Wednesday by the Investment Company
Institute.
The steep withdrawals came as markets continued to be
volatile due to the rapidly spread
Posted by Reuters
