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Rating:Bond Fund Carnage Abates, Money Funds See Inflows Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, July 11, 2013

Bond Fund Carnage Abates, Money Funds See Inflows

News summary by MFWire's editors

Both the WSJ and Reuters covered ICI data showing the stemming of bond fund outflows. While bond fund market is still bleeding billions in outflows but it's not as serious as the previous week, reports WSJ's Nathalie Tadena. For the week ended July 2, bond fund outflows were $5.97 billion compared to the week before, which saw outflows of $28.23 billion. Taxable bond funds fell the most at $5.05 billion and municipal bond funds fell $9320 million.

Meanwhile, money market funds have had a turnaround, as the latest week's increase was the largest in total weekly assets since May. Last week, money market funds saw an outflow of $1.46 billion, iMoneyNet data shows, Tadena writes. Domestic equity funds fell by $2.08 billion and foreign equity funds gained $2.31 billion.

Stock funds also had a good week, bringing in $228 million in inflows compared to $45 million last week, according to ICI numbers, Reuters' Sam Forgione writes. To read more, click here and here

Edited by: Casey Quinlan

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