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Posted AT 10:35 PM EST on 05/09/07

Investors flee money markets in August

SHIRLEY WON

Globe and Mail Update

Canadian investors, rattled by headlines about money market funds exposed to troubled asset-backed commercial paper, yanked about $1.4-billion out of these investments last month. And the Canadian fund industry, which has been enjoying buoyant cash inflows amid rising markets, suffered a total of about $1.

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