Investors pull more cash from U.S. domestic stock funds -ICI
August 09, 2017 at 12:58 PM EDT
By Trevor Hunnicutt NEW YORK, Aug 9 (Reuters) - Momentum for domestic U.S. stock funds waned during the latest week, with investors pulling cash from those products for a sixth week out of the last seven, Investment Company Institute (ICI) data showed on Wednesday. The funds posted $3.9 billion in withdrawals during the week ended Aug. 2, the trade group said, even as U.S. stocks steamed higher. The S&P 500 is on pace to deliver double-digit percent returns for seventh year in the la