Investors Pulled $29 Billion in October, Most in Three Years From Funds
- Taxable bond funds saw $14.2 billion in October redemptions
- Active funds had their biggest outflow in almost two years
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Investors pulled more money out of stock and bond funds in October than in any month in more than three years.
Mutual and exchange-traded funds had net redemptions of $29.1 billion last month, the biggest outflows since August 2015, according to a report Tuesday by Morningstar. The data exclude money-market funds.