Rattled investors pulled more than $40 billion from mutual funds in a single week this month as fears about the global economy intensified.
The total of $40.3 billion was the biggest amount removed from mutual funds in a week in nearly three years, the Investment Company Institute said Wednesday.
Stock fund outflows alone were a net $30 billion for the week ended Aug. 10.That was more than the total for the previous three weeks combined as investor concerns snowballed.
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