U.S. Equity Funds Lost $3.56 Billion to Withdrawals Last Week

Investors pulled $3.56 billion from stock mutual funds in the U.S., while adding $7.22 billion to fixed-income.

Domestic equity funds had net redemptions of $3.45 billion in the week ended May 16 and funds that invest in non-U.S. stocks lost $117 million, the Washington-based Investment Company Institute said today in an e-mailed statement.

To contact the reporter on this story: Sree Vidya Bhaktavatsalam in Boston at sbhaktavatsa@bloomberg.net

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

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