Volatility prompts investors to shift to money market funds

08/15/2011 | InvestmentNews (free registration)

Investors withdrew $14.4 billion from exchange-traded funds and equity mutual funds in the week ended last Wednesday, $6.9 billion was pulled from taxable bond funds and ETFs, and $3.4 billion was withdrawn from high-yield bond funds, according to data from Lipper. Investors appeared to be shifting most of their money into money market funds, which reported inflows of $47.5 billion.

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