Friday, June 7, 2013

Junk Bond Funds Bitch-Slapped By Record $4.6 Bln Withdrawal

Barrons’ Michael Aneiro writes: I’d written earlier today that it’s been a bad week and a bad month for junk bonds, and it seems investors noticed too, as they pulled a single-week record $4.6 billion from high-yield mutual funds and exchange-traded funds, per just-released weekly data from Lipper. The breakdown shows $3.2 billion coming out of mutual funds and $1.4 billion coming out of high-yield ETFs. A week ago the same funds had seen $875 million in net outflows….

No comments:

Post a Comment