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US fund investors yank $US40b in a weekSydney Morning HeraldAug. 18, 2011 |
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 Rattled investors pulled more than $US40 billion ($38.29 billion) from mutual funds in a single week this month as fears about the global economy intensified. The total of $US40.3 billion ($38.58 billion) was the biggest amount removed from mutual funds in a week in nearly three years, the Investment Company Institute said Wednesday. Stock fund outflows alone were a net $US30 billion ($28.72 billion) for the week ended Aug. 10.That was more than the total for the previous three weeks combined as investor concerns snowballed. Read More 
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