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Stock Mutual Funds See Huge Outflow

So much for blaming the volatility on high frequency traders: stock investors took $30 billion out of stock mutual funds (domestic and foreign) for the week ending August 10, according to the Investment Company Institute. Heck, they even took $4.3 billion out of bond funds.

But some of that has reversed since then: Charles Biderman at TrimTabs.com estimates U.S. equity funds had a $3 billion inflow from last Friday to Monday.

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