Investors have pulled more money from US equity funds since the end of April than in the five months after the collapse of Lehman Brothers Holdings, adding to the $2.1-trillion rout in American stocks.
About $75 billion was withdrawn from funds that focus on shares during the past four months, according to data compiled by Bloomberg from the Investment Company Institute, a Washington-based trade group, and EPFR Global, a research firm. Outflows totaled $72.8 billion from October 2008 through February 2009, following Lehman's bankruptcy, the data show
About $75 billion was withdrawn from funds that focus on shares during the past four months, according to data compiled by Bloomberg from the Investment Company Institute, a Washington-based trade group, and EPFR Global, a research firm. Outflows totaled $72.8 billion from October 2008 through February 2009, following Lehman's bankruptcy, the data show
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