Seeking Alpha

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from exchange-traded and mutual bond funds in June, TrimTabs estimates, with the number almost double the $41B that was withdrawn at the peak of the financial crisis in October 2008.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.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)