Like we have said in previous posts, credit focused hedge funds are on a tough road going forward. U.S. debt wiped off $317 billion of market value in June alone, one of the steepest declines in multiple years.
Record Outflows From Bond Funds
Every investment analyst firm has its own worst estimate of bond outflows and losses. According to TrimTabs Investment Research, these massive selloffs have cleaned out $70.8 billion from bond mutual funds and ETFs. As per data from Investment Company Institute, the result of the selloff has been that Q2 marked the first three month period when investors...
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