News | 01.07.19
U.S.-Stock Funds Fell 7.7 Percent in 2018 but Foreign Funds Were No Refuge
The average diversified U.S.-stock fund registered a total return of minus 7.7 percent in 2018, after a 14.8 percent drop in the fourth quarter wiped out gains, according to data from Lipper. International stock funds, despite drawing some of the cash that was pulled from U.S. stocks, fared even worse, at minus 15.5 percent in 2018. Investors in 2018 pulled a net $105.7 billion from long-term funds focused on U.S. stocks, adding $68.5 billion to international funds and $110.4 billion to bonds, according to data from the Investment Company Institute.
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