http://money.cnn.com/2013/06/26/investing/bond-outflows/index.html?iid=HP_LN
The outflow, which surpassed the previous record of $41.8 billion at
the height of the financial crisis in October 2008, is a sharp reversal
of the recent trend.
Investors had plowed $111.2 billion into
bond funds during the first five months of the year, but more than half
of that has now been yanked out in June. And the month isn't over yet.
It's difficult to pinpoint where the money is going, said TrimTabs CEO
David Santschi. But he said his "best guess" is that investors are
parking it in money market funds or "bank products," such as CDs,
savings and checking accounts
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