Tags: Investors Pull 5.75 Billion Out of Muni-Bond Funds

Investors Pull $5.75 Billion Out of Muni-Bond Funds

Wednesday, 26 Jan 2011 01:55 PM

U.S. municipal bond funds had $5.75 billion in net withdrawals in the week ended Jan. 19, according to estimates by the Investment Company Institute.

Taxable-bond funds attracted $3.58 billion and domestic stock funds drew $2.97 billion in deposits, the ICI said today in a statement from Washington. U.S. fund customers added $1.65 billion to equity funds that invest outside the country.

© Copyright 2015 Bloomberg News. All rights reserved.

1Like our page
2Share
FinanceNews
U.S. municipal bond funds had $5.75 billion in net withdrawals in the week ended Jan. 19, according to estimates by the Investment Company Institute.Taxable-bond funds attracted $3.58 billion and domestic stock funds drew $2.97 billion in deposits, the ICI said today in a...
Investors Pull 5.75 Billion Out of Muni-Bond Funds
61
2011-55-26
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved