Shaken up by mortgage market worries, mutual fund investors are retreating from funds that invest in bonds and equities, InvestmentNews reports.
Small-cap-value and small-blend funds were among the worst hit, losing 10 percent and 9.37 percent, respectively in the last month, according to data from Morningstar through Monday.
In response, cash flowed out of equity funds last week, totaling a loss of $298 million, while domestic funds lost nearly $600 million, according to AMG Data Services.