"Investors pulled a record $52.1 billion from U.S.-managed stock and bond mutual funds in the past week, seeking the safety of
government-insured bank deposits as the financial crisis worsened. Shareholders took $43.3 billion from stock funds and $8.8 billion
from bond funds in the week ended Oct. 8, according to data compiled by TrimTabs Investment Research in Sausalito, California. The
exodus followed $72.3 billion of outflows in September, the most in a single month. Investors deposited $185.5 billion into bank
accounts last month through Sept. 22, TrimTabs said, citing U.S. Federal Reserve data. "
Money is flowing heavily from the shares and funds into the fixed income asset classes.
government-insured bank deposits as the financial crisis worsened. Shareholders took $43.3 billion from stock funds and $8.8 billion
from bond funds in the week ended Oct. 8, according to data compiled by TrimTabs Investment Research in Sausalito, California. The
exodus followed $72.3 billion of outflows in September, the most in a single month. Investors deposited $185.5 billion into bank
accounts last month through Sept. 22, TrimTabs said, citing U.S. Federal Reserve data. "
Money is flowing heavily from the shares and funds into the fixed income asset classes.
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