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A Junk-Bond Run To Some Exits

FYI: (This is a follow-up article)
Investors are learning what happens when they flee junk-bond mutual funds in mass. The results aren't pretty, but they're not broadly catastrophic, at least not yet.
Regards,
Ted
http://www.bloomberg.com/gadfly/articles/2016-01-28/junk-bond-investors-head-for-exits-just-not-at-once

Comments

  • edited January 2016
    Looks like Lisa got ahead of herself. Half the bars in her graphic are not assigned to any specific fund (although you can see which fund is represented by rolling the cursor over the bars to get the pop-up). Someone forgot to complete the far-left data column? Odd way of presenting it.

    However, it is surprising to see that there were HY income MFs which had sizable inflows; under the circumstances, I did not expect to see that, esp. the 2B into the Blackrock offering.
  • Thanks, Tony. Someone cares. (Sigh.)
  • Not necessarily. It's possible that many good Catholics were surreptitiously using their iPhones while in mass to exit their bond funds. (Well, maybe just barely possible.)
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