March 19, 2020 / 9:24 PM / 11 days ago

US bond fund outflows set weekly record - Lipper

March 19 (Reuters) - U.S.-based taxable bond funds shed $55.9 billion in the week to Wednesday, the largest weekly outflow on record according to Lipper data dating back to 1992.

U.S. equity funds posted $7.45 billion in outflows, while money market funds attracted a record $148 billion as fear of the coronavirus economic impact roiled financial markets and sent investor running into cash.

Lipper also revealed a municipal bond funds outflow of $12.4 billion in the latest week, while high-yield muni funds saw $5.3 billion of withdrawals. (Reporting by Alden Bentlet; Editing by Sandra Maler)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below