U.S.-based equity funds see more outflows in latest week -ICI

By David Gaffen July 23 (Reuters) - U.S. equity mutual funds suffered a 12th consecutive week of outflows, the Investment Company Institute said Wednesday. Overall stock funds saw outflows of $2.24 billion for the week ended July 16, with outflows from U.S. funds of $3.95 billion - continuing a pullback in allocation to U.S. equities that has persisted since April. By contrast, funds that specialize in international equities remain loved, with inflows of $1.71 billion, ICI said. The