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Investors flee mutual funds for cash, fixed income

By Sue Asci October 10, 2008, 3:41 PM EST Post a Comment

Investors pulled a record $52.1 billion from U.S. stock and bond funds in the past week, according to a study by TrimTabs Investment Research, Bloomberg reported.

In the week concluding Oct. 8, investors pulled $43.3 billion from stock funds and $8.8 billion from bond funds, according to the Sausalito, Calif.-based research firm.

In September, the firm reported there were $72.3 billion in outflows, representing the largest total in a single month.

At the same time, investors deposited $185.5 billion into bank accounts, TrimTabs reported.

Investors moved money into fixed income, withdrawing $74 billion from stock funds and pouring $97 billion into bond funds through August.

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