FYI: U.S. fund investors took nearly $6.9
billion from taxable bond funds during the latest week,
withdrawing from debt markets at the fastest pace since
February, Investment Company Institute (ICI) data showed on
Wednesday.
Investors' sharp turn against debt comes after nearly three
years of strong demand that added hundreds of billions of
dollars to such products. Returns on many bond funds have been
negative this year as the U.S. Federal Reserve raised interest
rates to head off inflation. Higher rates and inflation hurt
bond prices.
Regards,
Ted
https://www.reuters.com/article/usa-mutualfunds-ici/u-s-investors-take-most-cash-in-8-months-from-taxable-bond-funds-ici-idUSL2N1XB1ND
