From Barrons blogs: “It’s no exodus, but it’s most certainly
a pause in investors’ stock market buying spree.
“The latest batch of Investment Company Institute fund-flow
data show net outflows of about $1 billion from long-term equity mutual funds
last week. Zero in on domestic stock funds and the outflow was actually $1.7
billion, offset by $707 million of fresh money invested in internationally
oriented funds.
“The overall fund-flow figure for the week, reflecting the
period ending Wed. May 29, remained positive, as taxable bond funds netted a
fresh $1.6 billion and hybrid funds pulled in $1.1 billion….
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