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Bond mutual funds are headed for record redemptions in 2013, removing $70.7 billion so far
Bond mutual funds are headed for record redemptions in 2013, removing $70.7 billion so far. Unless the trend reverses, the redemptions would surpass a record $62.5 billion removed from bond mutual funds in 1994. Investors have been pulling money since May when Bernanke spoke about the possibility of tapering the stimulus program. Adjusted for the amount of money in bond funds, this year's exodus from fixed-income funds is smaller in percentage terms than the redemptions in 1994. The withdrawals in 2013 amount to about 2.1 percent of the money that was in bond funds at the beginning of the year, In 1994, redemptions equaled 10 percent of the total. Read more: (VIEW LINK)
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Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
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