Three-Month Rally in S&P 500 Fails to Stem Fund Outflows: Chart

Are Stocks Headed Towards Another Malaise?

The longest rally for stocks in two years is occurring against a backdrop of investor disaffection. As the S&P 500 Index rose for three straight months, more than $11 billion was withdrawn from mutual and exchange-traded funds tied to U.S. equities, according to data compiled by Bloomberg and the Investment Company Institute.

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