MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, August 17, 2007 Withdrawals Higher Than During Sept. 11 Aftermath Investors have yanked more money from equity mutual funds in the week ended Wednesday than during the aftermath of the September 11 attacks. Citing data from Santa Rosa, California-based TrimTabs Investment Research, Reuters reported that withdrawals totaled a record $19.86 billion in the week ended Wednesday amid a turbulence on Wall Street. However, investors could likely be putting their money back into the funds following Friday morning's news that the Fed had opened the discount window. Printed from: MFWire.com/story.asp?s=15439 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |