Wednesday, February 1, 2017

Investors pull back on U.S. stock funds in latest week -ICI

By Trevor Hunnicutt

Feb 1 (Reuters) - Investors pared back their exposure to

stocks in the latest week, Investment Company Institute data for

U.S.-based funds showed on Wednesday, treating any "Trump rally"

with a dose of caution.

Stock funds invested primarily in U.S. companies posted

their largest outflows since October as $8.2 billion cascaded

out during the seven days through Jan. 25, the trade group's

data showed.

The withdrawals came as a leap forward for U.S. stocks after

the

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