Record outflows for bond funds in 2013

|By:, SA News Editor

Bond mutual funds and ETFs had a record $86B in withdrawals last year, according to TrimTabs, the first net outflow since 2004, and topping the record $62B amid the bond market tumble in 1994.

Over the last seven months of 2013, bond funds saw $196B in withdrawals - a whopping figure, but coming against $1.2T in inflows from 2009-2012.

Stock funds saw inflows of $352B, breaking the $324B record set in 2000.

Related ETFs: AGG, BOND, BND, BSV, BIV, BLV, SCHZ, LAG, SAGG, ILTB, ISTB, GVI, GBF, FWDB, MINC, GIY, AGND, AGZD