Posted AT 6:19 PM EST on 02/10/08
Investors pull billions from funds
Canadian investors, rattled by sinking stock markets and worried about the safety of their money market investments, yanked a whopping $4.6-billion from their mutual funds in September.
It marked the biggest month for net redemptions suffered by the domestic industry since the Investment Funds Institute of Canada began collecting data in 1990.
The second highest month for net outflows was $1.7-billion in April, 2003.
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