Investors dump equities for money markets

Mar 8, 2009

Only six of the 24 major equity, fixed-income and sector fund groups tracked by EPFR Global posted inflows in the first week of March.

More news of cash calls, bankruptcies, dividend cuts and longer job queues caused $10.4 billion in net outflows from EPFR Global-tracked equity funds in the week ending March 4, and another $2.47 billion in net outflows from bond funds.

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