U.S. Bond Funds Suffer Second-Most Redemptions Since 1992
This article is for subscribers only.
U.S. bond funds suffered their second-worst withdrawals last week in more than two decades after speculation about an eventual end to the Federal Reserve’s bond purchases sent fixed-income markets lower.
Investors pulled $9.1 billion from fixed-income mutual funds and exchange-traded funds in the week ended June 5, Denver-based Lipper said yesterday in an e-mailed statement. That’s the second-biggest redemption for a week since the company started tracking the data in 1992. Corporate high-yield funds saw redemptions of $3.2 billion, Lipper said, the largest weekly withdrawal on record.