Investors have pulled $347B out of stock mutual funds over the past 3 years, according to...

|By:, SA News Editor

Investors have pulled $347B out of stock mutual funds over the past 3 years, according to ConvergEx. There's risk-aversion of course, says Nick Colas, but the aging population - favoring income over growth - may be at play. Equity ETFs - possibly representing a younger demographic - have added $94B during the same time frame.