Investors continued to flee the stock market last week, as they digested a deal by eurozone political leaders to stabilize credit markets and strengthen the region's banking system, and received further evidence of a U.S. economic slowdown.
U.S. stock mutual funds lost $3.1 billion during the week ended July 3, according to the Investment Company Institute. Investors have now withdrawn money from the stock market for 19 of the past 20 weeks.
While MOREHibah Yousuf - Jul 11, 2012 4:48 PM ET
After six months of losing to the broader market, hedge funds finally beat the S&P 500's performance in April, slipping only 0.6% compared to the index's 0.8% decline. But that wasn't enough to lure in investors.
Hedge funds, which have an estimated $1.7 trillion in assets combined, saw investors sell off an estimated $5.1 billion worth in April, reversing two consecutive months of inflows, according to a monthly report from investment research MOREHibah Yousuf - Jun 12, 2012 4:59 PM ET
In an unexpected twist, investors added money to U.S. stocks during the final week of May, even as the market closed out one of the its worst months in years.
According to the Investment Company Institute, investors added $807 million to U.S. stock mutual funds in the week ended May 30. While that's not much at all, the sudden move ends a 14-week-long exodus out of stocks. In fact, the inflows follow MOREHibah Yousuf - Jun 6, 2012 3:45 PM ET
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