U.S.-based stock funds post $1.1 bln outflow in latest week-ICI

April 1, 2015 4:26 PM

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By Sam Forgione NEW YORK, April 1 (Reuters) - Investors in U.S.-based mutual funds pulled $1.1 billion out of stock funds in the week ended March 25 as a stronger dollar and weak durable goods data hurt U.S. shares, data from the Investment Company Institute showed on Wednesday.

The outflows were the first total withdrawals from stock funds in 11 weeks. Funds that specialize in U.S. stocks posted $4.5 billion in outflows, marking their second straight week of withdrawals and their biggest in 11 weeks. Foreign-focused stock funds, meanwhile, attracted $3.3 billion to mark th...

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