The value of stock mutual funds and ETFs held by U.S. investors declined by $3.6 trillion during the first quarter.
The number is a record high for a quarter, and is higher than any full year on record, according to data from Lipper Refinitiv.
The decline in equity fund value during the quarter is over $700 billion more than was seen in 2008 during the Great Recession.
The average equity fund posted a 22.3% decline during the quarter, data show.
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Love all these knee-jerk reactions! So easy to harvest.
For Lieutenant Governor, John Reid won 7,263 votes compared to 5,603 for Hashni. Should have read, "For Lieutenant Governor, John…
Peter, I ordered from Amazon a mop for you to gather your tears.
Are you having trouble finishing what you started?
Nuts to the left. Nuts to the right... Into the valley of nuts rode the 600 ....all wearing neckties