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U.S. Mutual Funds Had $1.37 Billion Net Redemptions Last Week

U.S. mutual funds saw net redemptions of $1.37 billion last week as investors pulled money out of domestic stock funds.

Funds that invest in U.S. equities saw $3.08 billion in net withdrawals in the week ended June 6, the most of any category, according to an e-mailed statement by the Washington-based Investment Company Institute today. International stock funds attracted $1.35 billion, taxable bond funds won $411 million and municipal bond funds received $1.18 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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