Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Asset Managers Warn the Fed On Bond Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, May 15, 2013

Asset Managers Warn the Fed On Bond Funds

News summary by MFWire's editors

Fundsters and other asset managers are worried about rising interest rates, and they're telling the Fed.

The just-released minutes of last month's Investor Advisory Committee on Financial Markets, which includes Mary Callahan-Erdoes of J.P. Morgan Asset Management [profile] and Rick Rieder of BlackRock [profile], reveal that the asset managers on the committee told New York Federal Reserve President William Dudley that, if interest rates start to rise, retail bond fund investors will take a beating.

"Uncertainty was expressed as to the potential market functioning impacts of large outflows from corporate credit-related mutual funds and ETFs, especially as retail holdings of corporate bonds have increased relative to market volumes and broker-dealer balances have decreased," the minutes read.

Jennifer Ablan and Jonathan Spicer of Reuters covered the meeting minutes. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use