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Rating:Mutual Funds Feel the Heat from Market Woes Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, January 22, 2008

Mutual Funds Feel the Heat from Market Woes

by: Erin Kello

The market turmoil isn't letting mutual funds escape unscathed. Reuters reports that investors have pulled $25 billion out of U.S. stock funds and another $11 billion out of international stock funds this January. One of the year's biggest losers so far is Fidelity's just reopened Magellan Fund, which has seen a 11.92 percent decline this year.  

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