Investors are spooked by the increasing volatility of U.S equities markets and in July pulled out nearly $23 billion, an amount of money that is starting to approach the panicky pullback seen in the October 2008 when investors withdrew $27.9 billion from the market.
Kevin McDevitt, an analyst at Morningstar, which monitors these investment flows, told On Wall Street there is a significant difference this time around.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access