The world may have changed for Wall Street last week but the mutual fund world, excluding money market funds, is relatively stable. In Monday's WSJ Fund Track
, Daisey Maxey
reports that investors in stock funds are not running for the exits. Nets sales of stock mutual funds were $172 million in June; $23.6 billion in July; $7 billion in August; and $6 billion so far in September, according to figures from AMG data. Avi Nachmany
, director of research at Strategic Insight, had some more calming words for those in the industry, telling Maxey that, "even during times of heightened anxiety, the great majority of mutual-fund investors stuck to their portfolios and have not acted defensively."
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