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June Stock Fund Outflows Third Biggest Ever

Investors pull out $18 billion, but net sales for the year remain positive.

Investors pulled money out of stock mutual funds last month faster than they have in all but three months since such records have been kept, but the amount of outflows was still a fraction of the total assets in equity offerings, according the Investment Company Institute.

Total stock-fund inflows for the year also remain positive, said the ICI, a Washington D.C.-based lobbying group for the mutual fund industry.

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