Investors Are Deserting Junk Bonds as Trade Tensions Sour Mood
- High-yield retail funds see $3.2 billion outflow: Lipper
- Investors flee risk assets and pile into safe havens
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High-yield corporate bond funds saw the pace of outflows accelerate this week amid global trade tensions and growth worries.
Investors pulled $3.2 billion from retail funds in the weekly reporting period ended June 5, according to data from Refinitiv’s Lipper. The outflow is the biggest cash withdrawal from junk-bond funds since December and more than double the $1.27 billion pulled last week.