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US investors redeem MFs worth $8.9bn in June 5-week

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June 10, 2013 3:51 IST | India Infoline News Service
Investors in the US redeemed mutual fund schemes worth $8.9 billion in the week ended June 5 as they looked for cues about when the Federal Reserve might begin scaling back its $85-billion bond-buying program.

Investors were struggling with the dilemma that good economic news will indicate to the Fed that it might be time to start tapering the quantitative easing programs, according to a media report.

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