Tags: Lipper | Redemptions | Bond | Funds

Lipper: Redemptions Continue at US Taxable Bond Funds

Thursday, 20 June 2013 06:16 PM EDT

Investors in funds based in the United States pulled $507.9 million out of taxable bond funds in the latest week, marking the first three-week outflow streak from the funds since August 2011, data from Thomson Reuters' Lipper Service showed on Thursday.

The outflows from bond funds in the week ended Wednesday occurred largely ahead of Federal Reserve Chairman Ben Bernanke's comments the same day that the central bank may reduce its $85 billion in monthly bond purchases later this year if the economy is strong enough. Bernanke also said the central bank may end the program altogether in mid-2014.

The outflows from taxable bond funds came after investors pulled $5.51 billion from the funds the previous week. Investors have pulled $15.1 billion out of taxable bond mutual funds and exchange-traded funds over the past three weeks.

Investors also pulled $22.15 billion out of money market funds, which are low-risk vehicles that invest in short-term securities. The funds suffered outflows of $5.22 billion the prior week.

Appetite for stock funds, however, increased as investors poured $4.71 billion into the funds. The inflows over the latest week reversed three straight weeks of outflows from the funds.

© 2024 Thomson/Reuters. All rights reserved.


Markets
Investors in funds based in the United States pulled $507.9 million out of taxable bond funds in the latest week, marking the first three-week outflow streak from the funds since August 2011, data from Thomson Reuters' Lipper Service showed on Thursday.
Lipper,Redemptions,Bond,Funds
194
2013-16-20
Thursday, 20 June 2013 06:16 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved