As trading opens on another nervous week on Wall Street, mainstream investors are casting their votes on prospects by racing out of mutual funds that invest in stocks long-term.
In the week heading into the four straight days of 400-point movements in the Dow Jones Industrial Average that was sparked by the first-ever downgrade of U.S. debt, investors pulled $10.4 billion out of domestic equity funds, according to the Investment Company Institute. Worldwide, $13.0 billion was pulled out of equity funds.
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