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Rating:Withdrawals Higher Than During Sept. 11 Aftermath Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, August 17, 2007

Withdrawals Higher Than During Sept. 11 Aftermath

by: Armie Margaret Lee

Investors have yanked more money from equity mutual funds in the week ended Wednesday than during the aftermath of the September 11 attacks. Citing data from Santa Rosa, California-based TrimTabs Investment Research, Reuters reported that withdrawals totaled a record $19.86 billion in the week ended Wednesday amid a turbulence on Wall Street. However, investors could likely be putting their money back into the funds following Friday morning's news that the Fed had opened the discount window.  

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