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Friday, May 21, 2004|
Equity Funds Bleed for a Third Week
Equity mutual funds had their third rough week. Investors pulled out $626 million for the week ending May 19, according to AMG Data Services. The bulk of the outflows, 88 percent, were from domestic equity funds.
In the previous week, investors pulled almost four times that much, $2.4 billion, from stock funds. That's in sharp contrast to last month. In April, equity funds reported inflows of $24.5 billion.
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