BOSTON (AP) — A rising market didn't instill confidence last month, as investors continued to withdraw more from stock mutual funds than they deposited into them.
Industry consultant Strategic Insight reports that investors withdrew a net $7.7 billion from U.S. stock funds in June. That's the biggest monthly flow out of stock funds this year. Through June, net withdrawals total $15 billion.
Stocks gained about 4 percent in June, the market's best month since February.
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