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Legal News

: Lawyers and Settlements

Record-Breaking Withdrawals in Mutual Funds

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Austin, TX: The economic and financial crisis has now resulted in record-breaking mutual fund withdrawals, according to the Investment Company Institute. The Institute reports that investors pulled $127 billion from US stock and bond mutual funds in October alone, while fund assets were reduced to $9.6 trillion as of the end of October.

Full post as published by Lawyers and Settlements on November 26, 2008 (boomark / email).

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