Summary Box: $18B exits stock funds in October

AP News
Posted: Nov 11, 2011 12:10 PM
Summary Box: $18B exits stock funds in October

FLIGHT FROM STOCKS: Investors withdrew nearly $18 billion more than they deposited into U.S. stock mutual funds in October, industry consultant Strategic Insight said Friday. It was the sixth consecutive month of net withdrawals. October's retreat came as stocks rallied, posting a return of nearly 11 percent.

BONDS DRAW CASH: Investors deposited a net $21 billion into bond funds. Nearly $19 billion of the total went into taxable bond funds, and $2 billion into municipal bond funds.

OVERSEAS APPEAL DIMS: A net $2 billion was withdrawn from funds investing in foreign stocks, amid persistent worries about Europe's debt crisis.