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

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

Rating:Is the Great Rotation Here? Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, June 10, 2013

Is the Great Rotation Here?

News summary by MFWire's editors

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 Reserves 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 hes sticking to high-quality bonds as market risks are rising.

For more, see the full coverage on Bloomberg and the Wall Street Journal.  

Edited by: Nicole Spector

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

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use