U.S.-based mutual funds get most new cash in 37 weeks -ICI

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U.S.-based mutual funds get most new cash in 37 weeks -ICI

U.S.-based mutual funds get most new cash in 37 weeks -ICI
By Trevor Hunnicutt NEW YORK, March 16 (Reuters) - U.S.-based mutual funds raked in the most cash since June in the latest week, Investment Company Institute (ICI) data showed on Wednesday, as the outlook for U.S. bonds improved. About $8.8 billion flowed into U.S. funds during the week ended March 9 after investors spent the first part of the year ducking risks. The net inflow was the largest in 37 weeks, ICI said. Investors pulled $111 billion from mutual funds over the 12 weeks en

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