Stock and mutual funds saw about $23 billion more cash flow out in January than flowed in that month.
The funds enjoyed total net inflows of about $54 billion in January 2007, according to Financial Research Corp., Boston.
The net change for domestic stock funds shifted to $32 billion in net outflow in January, down from a net inflow of $14 billion.
International and global funds reported $5 billion in net outflows, down from a net inflow of $26 billion.
Some cash flowered into government bond funds, corporate bond funds and tax-free bond funds, but money-market accounts enjoyed by far the biggest gains.
Money market funds enjoyed $138 billion in net inflow, up from $11 billion in net outflow in January 2007.