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Investors did an about-face and pulled their money out of mutual funds over the past week, reversing the previous week¿s activity.

Investors redeemed $5.55 billion during the week ended Wednesday, net of new purchases, according to TrimTabs Investment Research of Santa Rosa, Calif. By comparison, they added a net $12.2 billion the previous week,

Funds that invest primarily in U.S. stocks saw $6.26 billion walk out the door, reversing the $4.88 billion of net purchases the previous week.

Funds that invest primarily in non-U.S. stocks took in a net $711 million, down sharply from $7.32 billion the previous week.

Bond funds took in $120 million of new money, down from $213 million the previous week.

Hybrid funds, which invest in stocks and bonds, took in $5 million, more than making up for the $91 million of outflows the previous week.

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TrimTabs said exchange-traded funds that invest in U.S. stocks had outflows of $7.95 billion during this past week, compared with inflows of $3.03 billion during the previous week.

ETFs that invest in non-U.S. stocks had inflows of $1.65 million, down from $2.8 billion during the previous week.

Vincent Deluard, Global Equity Strategist at TrimTabs, said the redemptions from U.S. equity funds is not surprising, as this tends to happened ¿every time the market dips.¿

¿What is more surprising is the large reductions in ETF¿s,¿ he said, noting that flows into and outof ETF¿s usually move in the opposite direction of mutual funds. ¿The overall message for the market is that there are fewer buyers.¿

The

Dow Jones Industrial Average

closed at 13,300.02, down from 13,930.01 the previous week.