June Could Be The Worst Month In the History Of Bond Mutual Funds

As per ICI, Investment Company Institute, bond mutual funds saw their largest outflows amounting to $13.5 billion in the week ending on June 12, however the week leading upto Federal Reserve’s meeting saw much more caution. Bond outflows came up to -$2.8 billion on the week ending on June 19, according to data from Lipper FMI,. So far the amount investors have shed in June is already the second worst in near history, according to Goldman Sachs Group Inc (NYSE:GS). Even more importantly, last week’s $13.5 billion that exited bonds MFs was the worst weekly amount of outflows from fixed income assets since 2008. On the week ending on June...