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Stampede indeed: $61B exited fixed-income investments (AGG, BND) in June, estimates TrimTabs,...

Stampede indeed: $61B exited fixed-income investments (AGG, BND) in June, estimates TrimTabs, storming past the previous record of $41B at the height of the financial crisis in October 2008. Pimco's giant Total Return Fund (the ETF version isBOND) is seeing outflows as it puts in one of its worst performances ever. The last time the fund saw money leaving was late 2011, just ahead of 2012's plunge in yields.
Comments (4)
  • prateek0284
    , contributor
    Comments (22) | Send Message
     
    it looks like the talk of taper is going to cause the great rotation.. When the Fed could not get people to shift by talking, they decided to give them a taste of what a disorderly exit looks like
    26 Jun 2013, 11:33 AM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Exactly. If anybody needed it, here's the proof that the Fed will never "unwind". All they can do is print.
    26 Jun 2013, 02:55 PM Reply Like
  • june1234
    , contributor
    Comments (2551) | Send Message
     
    I think the Fed very much believes economy is strong and is determined to taper which the Fed said it would do when it saw what it wanted to see. Markets will go up if news is bad and down if the news is good.
    26 Jun 2013, 12:16 PM Reply Like
  • joenjensen
    , contributor
    Comments (675) | Send Message
     
    Taper....isn't that a pig like creature, or someone who shorts stock?
    8 Jul 2013, 03:07 PM Reply Like
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