FYI: U.S. fund investors sold more bonds in December’s opening days, the Investment Company Institute (ICI) said on Wednesday, putting even more of a chill on markets where companies and governments borrow.
Investors cashed out $5.2 billion from U.S.-based bond mutual funds and exchange-traded funds (ETFs) during the week ended Dec. 4, ICI said, intensifying what is already the worst sales of such investments since the 2008 financial crisis as markets fret about a U.S. economic slowdown.
Regards,
Ted
https://www.reuters.com/article/us-usa-mutualfunds-ici/u-s-fund-investors-compound-pain-for-bond-markets-idUSKBN1OB2E8
