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Monday, Jul 1
A record $79.8B was pulled from exchange-traded and mutual bond funds in June, TrimTabs...
A record $79.8B was pulled from exchange-traded and mutual bond funds in June, TrimTabs estimates, with the number almost double the $41B that was withdrawn at the peak of the financial crisis in October 2008. Mutual funds lost $70.8B and ETFs $9B in June - Pimco (the ETF version is BOND) shed 2.8% from its net asset value - amid fears of Fed tapering. The stampede out could continue when the quarterly statements come in and show people what they've lost.