U.S. Junk Bond Funds Post Record $7.1 Billion Weekly Outflow
This article is for subscribers only.
U.S. high-yield bond funds posted a record $7.1 billion outflow in the week ended Aug. 6, according to Lipper.
The withdrawal came after the debt tumbled 1.3 percent in July, its first monthly loss since August 2013, according to Bank of America Merrill Lynch index data. It surpasses the $4.6 billion that was pulled in the week ended June 5, 2013, and brings year-to-date net outflows to $9.75 billion, Lipper data show.