Bloomberg News

Stock Funds Have $5.22 Billion Redemptions in Last Week of 2011

January 04, 2012

Jan. 4 (Bloomberg) -- U.S. stock funds saw $5.22 billion of net redemptions in the week ended Dec. 28 as clients poured money into bond funds.

Domestic stock funds had $3.99 billion in withdrawals and international stock funds lost $1.23 billion, the Washington- based Investment Company Institute said today in an e-mailed statement. Taxable bond funds attracted $1.23 billion and municipal bond funds won $977 million, the ICI said.

To contact the reporter on this story: Charles Stein in Boston at cstein4@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net


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