Interest in mutual funds dipped mid-December to a record low for the year, according to the latest statistics from the Investment Company Institute. For the week ended Dec. 12, investors pulled an estimated $6.57 billion from mutual funds, more than three times the $2.02 billion they withdrew a week earlier and the most they’ve withdrawn in one week this year.
All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.