Though the market rebounded last week, investors pulled out of equities, according to a Lipper report for the week ending Nov. 21. It may have been the threat of the impending fiscal cliff that caused the largest weekly outflow of money from mutual funds and ETFs since late July. On the other hand, over $20 billion moved into money market funds, compared with just $5.5 billion the previous week. In addition, $1.82 billion went into muni bond funds — the second highest amount in 21 years — with investors trying to avoid potential increases in investment tax rates.
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