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News Summary: Exit from stock mutual funds in July

By The Associated Press
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STOCK AVERSION: Investors in July withdrew more from stock mutual funds than they deposited into them, although stocks rose 1 percent during the month. Net withdrawals from U.S. stock funds totaled $12.7 billion, industry consultant Strategic Insight said Friday. It was the fifth consecutive month of net withdrawals.

BONDS BRING IT IN: Investors added a net $29 billion to bond funds, which have attracted cash for 11 consecutive months.

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