The US-based funds investing primarily in Chinese stocks recorded $31 million in withdrawals during the seven days to Feb. 13 – their first week of withdrawals of the year – Lipper data showed.
Fund investors also boosted their investments in money market funds, while pulling money out of precious metals funds.
Key points (Source: Lipper, Reuters)
US fund investors added another $18.7 billion to money market funds during the week ended Feb. 13.
Precious metals commodities funds recorded $414 million in withdrawals during the week, the most cash pulled from those funds since September.
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