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 $700 billion more than was seen in 2008 during the Great Recession.
The average equity fund posted a 22.3% decline during the quarter, data show.
About the Author
Down here in Capeville and Townsend some of the deer hunters, mostly from out of town, have a charming habit…
Over the years Eastville harvested Hundreds of Thousands of Dollar$ with their Highway Shakedown. The town council, employees and residents…
Fit in? The come heres own the land. Your daddy’s sold it. If it is the money you are angry…
Dear dumpster fire, hate to rain on your parade, dude, and upset your expectations and dreams of a brilliant future…
Why do they stand out in the crowd? Because they still have teeth? What other attributes or characteristics have them…