NEW YORK (Reuters) – Withdrawals from U.S.-based stock funds eased after rising to the highest this year earlier this month, Investment Company Institute (ICI) data showed on Wednesday.

Stock mutual funds and exchange-traded funds posted $ 1.8 billion in withdrawals during the week through Aug 23. Nearly $ 4.7 billion in outflows from domestic equity funds were countered by $ 2.9 billion of inflows for funds focused on international shares, according to the trade group.

That represents an improvement from the week prior, when nearly $ 9.2 billion flowed out of U.S.-based equity funds.

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Reuters: Money

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