Pullback from stock funds set to hurt fund managers’ third-quarter earnings

Former Reporter

Cautious US investors pulled $60bn out of stock funds in the third quarter, ratcheting up pressure on money managers.

The net outflows accounted for the most money leaving stock funds in a quarter since 2009, according to Morningstar data on US mutual funds and exchange-traded funds.

Equity fund squeeze weighs on US asset managers

Dawn Lim

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