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Daily Digit: $15.1b taxable bond fund outflows

Friday, Jun 21, 2013 - 01:05

June 21 - Investors have pulled $15.1 billion out of taxable bond mutual funds and exchange-traded funds over the past three weeks, according to Lipper. Bobbi Rebell reports.

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Today's daily digit is $15.1 billion. That's the amount of money investors have pulled out of taxable bond funds and exchange-traded funds over the past three weeks according to Thomson Reuters' Lipper. The outflows come in the wake of Fed Chairman Ben Bernanke's comments going back to May that the Fed could begin winding down its stimulus this year - if the U.S. economy maintains its momentum. It's the first three-weak losing streak since August of 2011. Investors also pulled $332.9 million out of high-yield junk bond funds in the latest week - making it the fourth straight week of outflows. Also of note- the outflows from the week ended June 19th mainly happened before Fed Chairman Ben Bernanke set a timetable on Wednesday for when the central bank may reduce its $85 billion monthly bond purchases. Specifically, later this year if the economy is strong enough. He also said it may end the program altogether by mid- 2014.

Daily Digit: $15.1b taxable bond fund outflows

Friday, Jun 21, 2013 - 01:05

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