Fund investors retreat from U.S. stocks, jump into foreign markets
Investors pulled nearly $7.5
billion out of mutual funds and exchange-traded funds that hold
U.S. stocks last week, extending a retreat from the domestic
stock market over six of the last seven weeks, according to data
released Wednesday by the Investment Company Institute.
The pullback from U.S. equities came during a week in which
the S&P 500 notched record highs due to signs of progress in the
U.S.-China trade talks. But concerns abou
billion out of mutual funds and exchange-traded funds that hold
U.S. stocks last week, extending a retreat from the domestic
stock market over six of the last seven weeks, according to data
released Wednesday by the Investment Company Institute.
The pullback from U.S. equities came during a week in which
the S&P 500 notched record highs due to signs of progress in the
U.S.-China trade talks. But concerns abou
Posted by Reuters
