Tags: Investors | Exit | Stock | Bond | Funds

Investors Exit Stock, Bond Funds in August

Wednesday, 14 Sep 2011 10:48 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Investors sought refuge from the market's volatility in August, withdrawing money from stock mutual funds and bond funds alike.

Industry consultant Strategic Insight reported Wednesday that investors withdrew a net $21 billion from U.S. stock funds last month. Investors also pulled more money out of bond funds than they deposited in August, with a net $11 billion in withdrawals.

Money-market funds were the only major fund category with more money flowing in than out in August. Net deposits into money funds totaled $69 billion.

Low-yielding money funds typically see cash surge in when markets are volatile, as they were in August. The Standard & Poor's 500 stock index tumbled more than 5 percent.

The month was marked by extreme declines and rebounds, and a U.S. credit rating downgrade by S&P.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved