Bond Market Braces for Fresh Trillion-Dollar Fund Flow Wave
- ‘We’re in uncharted territory’: JPMorgan’s Panigirtzoglou
- Streak of fund inflows closing to breaking post-crisis record
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Investors who poured money into bond funds last year are showing little sign of stopping in 2020, adding more downward pressure to yields.
Inflow to fixed-income assets nearly doubled last year to $1 trillion, according to data from Morningstar Inc. With fears about the coronavirus outbreak dimming growth prospects for the global economy and prompting a search for haven assets, bond funds are on track to exceed this haul in 2020.