Investors pull most money from U.S. stock mutual funds this year -ICI
May 04, 2016 at 11:23 AM EDT
By Trevor Hunnicutt NEW YORK, May 4 (Reuters) - Mutual fund investors punished U.S.-based stock funds with their seventh consecutive week of withdrawals and their largest outflows so far this year, Investment Company Institute (ICI) data showed on Wednesday. Stock funds based in the United States returned $7.9 billion in cash to investors, adding to a near-two-month streak that has swept nearly $32 billion from the funds. That is the largest weekly withdrawal for those funds since invest