U.S. Domestic Stock Funds Had $6.6 Billion Withdrawals Last Week

U.S. mutual funds investing in domestic stocks had $6.6 billion in net redemptions last week as investors added money to international stock funds and bond funds.

International stock funds attracted $1.3 billion in net deposits and taxable bond funds won $6.43 billion in the week ended May 2, the Washington-based Investment Company Institute said today in an e-mailed statement. U.S. mutual funds overall won $2.24 billion.

To contact the reporter on this story: Charles Stein in Boston at cstein4@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

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