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Investors Bolting From Bond Funds

Tuesday, Jul 09 2013
Markets & Investments
Written by  PFA News

Investors are redeeming bond fund shares at a record pace following concerns about the Federal Reserve’s preparation to curtail stimulus measures, Reuters reports.

Data from TrimTabs shows that investors pulled $79.8 billion from bond mutual funds and ETFs during the first 27 days of June, roughly double the previous monthly record of $41.8 billion, which occurred in October of 2008.

Read the full article from Reuters here.

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