U.S.-based domestic stock fund outflows biggest since July '14

April 22, 2015 3:35 PM

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By Sam Forgione NEW YORK, April 22 (Reuters) - Investors in U.S.-based mutual funds pulled $5.7 billion out of funds that specialize in U.S. shares in the week ended April 15 as the U.S. tax-filing deadline approached and on continued demand for international shares, data from the Investment Company Institute showed on Wednesday.

The outflows were the biggest since early July and marked the seventh straight week of cash withdrawals from the funds, according to the data from ICI, a U.S. mutual fund trade organization. Investors again favored funds that specialize in international shares and poured $2.9 billion into such funds...

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