June Fund Flow Review: Bonds AwayVW Staff
According to a Morningstar, Inc. (NASDAQ:MORN) report investors redeemed $58 billion from long-term mutual funds and ETFs in June. Bond mutual funds and ETFs had record outflows of $68 billion (surpassing the $36 billion redeemed in October 2008) as investors were concerned with the potential winding down of the Federal Reserve’s bond purchase program and resulting upward pressure on interest rates. Equity fund flow . . .
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