U.S. high-yield bond funds suffered the biggest outflows in more than two years as investors reassess risk after the best returns in a decade and an uncertain outlook due to the pandemic.
High-yield investors pulled $5.55 billion during the week ended July 1, according to data compiled by Refinitiv Lipper. It’s the fourth-biggest withdrawal on record and compares with an outflow of just $87.6 million the prior week.
