Investors pulled out of $23 billion, the biggest outflow in over a decade. The exits transpired due to persistent fear brought about by the consideration of the Federal Reserve to cut back on its bond-buying, according to data from Bank of America Merrill Lynch and EDFR Global.

High-yield junk bond investment funds suffered major outflows of $6.8 billion last week. Investment grade corporate bond funds had a $4.9 billion outflow, while $5.6 billion was lost from emerging market bond funds. United States municipal bond funds suffered a $4.5 billion outflow while mortgage securities funds lost $1.3 billion.

Outflows of $10.6 billion occurred for the United States funds, one of the worst hit sectors.

For the 20^th straight week of outflows, precious metal funds lost $2.8 billion. Spot gold prices fell at 9.3%, its lowest in almost three years. The same fear of the Fed's monetary policy continued the outflows. The Standard & Poor's 500 Index dropped 1.6% within the reporting period.