Investors yanked $33.6 billion out of U.S. mutual funds in August, one of the biggest months on record with redemptions, according to Strategic Insight. Year-to-date, redemptions have totaled $21.2 billion, according to the research firm.
Both stock and bond funds were hit with withdrawals in August, with $1.4 billion flowing out of foreign stock funds and $9.7 billion coming out of taxable bond funds.
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