High-Yield Fund Outflows Set to Expand Amid Energy Slide
This article is for subscribers only.
Investors are poised to pull money out of junk-bond funds for a third straight week as plunging oil prices roil the market and turmoil in the Russian currency market spur the hunt for safer debt.
This week already has seen $2.4 billion pulled from funds that purchase below investment-grade debt in the U.S., according to daily figures tracked by data provider Lipper, a unit of Thomson Reuters Corp. That follows redemptions of $1.9 billion last week and $859 million before that, Lipper data show.