Another blow to mutual funds after bounce-back

By

December 9, 2008 • Reprints

The $12.1 billion taken out of mutual funds last week depleted the entire $10.4 billion investors had put into them the week before.

"Mutual fund money is performance following," says Vincent Deluard, a TrimTabs analyst. "When the market goes down they take their money out."
About the Author

Jenny Ivy

Jenny Ivy is managing editor of Boomer Market Advisor. She previously was managing editor of a number of real estate magazines in and around the Rocky Mountain region. She can be reached at jivy@boomermarketadvisor.com.

Related Articles
Comments