Investors are taking money out of U.S. bond and stock mutual funds because of the increase in economic uncertainty in July, according to research released on Friday by Strategic Insight.
U.S. mutual fund investors redeem an estimated $16 billion in cash out of U.S. stock and bond mutual funds in July 2011 (excluding ETFs and funds underlying variable annuities), reported Strategic Insight. July redemptions equaled about 0.2% of assets held in stock and bond funds.
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