MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, June 10, 2013 Is the Great Rotation Here? After years of bond fund inflows and fundsters racing to launch the latest hot fixed income products, is the boom over? Last week, U.S bond funds suffered their second-worst withdrawals in more than twenty years. The blow came thanks to speculation about a coming end to the Federal Reserve’s bond purchases sent fixed-income markets lower, Bloomberg reports. The exact damage done? Investors yanked $9.1 billion from fixed-income mutual funds and exchange-traded funds, according to Lipper. Corporate high-yield funds saw redemptions of $3.2 billion. Upon hearing the news, Bill Gross, who last month predicted that the three-decade bull market in bonds had come to an end in April, stated that he’s sticking to high-quality bonds as market risks are rising. For more, see the full coverage on Bloomberg and the Wall Street Journal. Printed from: MFWire.com/story.asp?s=44171 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |