Recent Market Turmoil Hits Real-Estate Funds

21 August 2002 - 1:00pm

It's often said that real estate doesn't react to the stock market in sync with other sectors. That has held true -- until now.

For the week ended July 17, investors pulled about $119.1 million out of real-estate mutual funds, more than the $116 million that flowed in during the first two weeks of July, says AMG Data Services, an Arcata, Calif., firm that tracks mutual-fund investment. And in the week ended July 24, investors pulled out $105.7 million. AMG reports weekly fund flows every Wednesday after the markets close.

Source: REIS, October 10, 2005
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