Saturday, June 20, 2015
Bond funds worldwide post biggest outflows in two years: BofA
Investors worldwide pulled $10.3 billion out of bond funds in the week ended June 17 after a spike in yields earlier this month spooked debt investors, data from a Bank of America Merrill Lynch Global Research report showed on Friday.
It marked the biggest weekly outflows from the funds in two years, according to the report, which also cited data from fund-tracker EPFR Global. Investment-grade bond funds posted $2.1 billion in outflows, marking their first outflows in 78 weeks, while riskier high-yield bond funds posted $4 billion in outflows to mark their biggest withdrawals since last December. (more)
Please share this article