Investors Pull Most From Junk-Bond Funds Since 2018
- Traders yank $4.2 billion from high yield in past week
- Follows record outflows from the biggest junk-bond ETFs
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Junk-bond funds suffered severe outflows as anxiety over the spread of the coronavirus weighed on financial markets.
High-yield investors pulled $4.2 billion during the week ended Feb. 26, according to data compiled by Refinitiv Lipper. It’s the seventh biggest withdrawal on record and compares with an outflow of just under $40 million the prior week. About $4.9 billion was pulled during the reporting period in October 2018 and $6.3 billion in February of that year.