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Posted on 04/11/09

Investors shift away from money market

FUNDS REPORTERCanadian investors pulled over $500-million out of mutual funds in October, but all of the cash flowed from money market investments yielding minuscule returns.The outflows are off sharply from a year ago when investors went on a huge selling binge, yanking a record $8-billion out of funds amid a global credit crisis that sent stock markets plunging.

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