MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, July 2, 2013 The Bond Fund Rout Worsens When it rains, it pours. The bond fund rout continues to wreck havoc on flows and worry the industry somewhat. Bloomberg reports that "investors who poured $1.26 trillion into bond funds in the past six years pulled out record amounts of cash last month, leaving the world’s biggest fixed-income managers struggling to stem the flow." In another article, the newswire notes that investors have been caught flat-footed by diverging prices resulting from the stressed markets. In yet another article, Bloomberg declares that investors can't find any shelter from the worst corporate bond losses in nearly five years. Meanwhile, Reuters reports that the Pimco Total Return Fund [profile], in June sustained its weakest monthly performance since September 2008 amid a selloff in U.S. Treasuries and other bonds, according to data from Morningstar. Printed from: MFWire.com/story.asp?s=44683 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |