Mutual funds saw net outflows totaling $3.9 billion in July, reports the Financial Research Corp., Boston.
That was a sharp turnaround from net inflows of $27.9 billion reported by the research firm in July 2007.
International-global equity funds accounted for the largest share of the outflows, losing almost $7.6 billion more than they took in for the month. A year earlier, the international-global sector had net inflows of $17.8 billion.