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Growing unease as British funds block withdrawals

Rush for the exits followed the unexpected decision by British voters to leave the European Union.

NOT YET: For now, investors in London and abroad seem to have taken the British fund moves in stride. There has not yet been a broad wave of investors looking to exit high-risk, high-return mutual funds around the globe.

AS one British mutual fund after another bars its doors to fleeing investors, traders and regulators alike are asking the same question: What does it mean for nervous global markets? This week, six asset management firms in Britain decided to refuse, for the moment, cash demands from those...