“The withdrawals for the month through Aug. 19 are already the third-highest on record, following $69.1 billion of withdrawals in June and $42 billion in October 2008, according to a report dated yesterday by TrimTabs Investment Research in Sausalito, California. Bond funds have suffered $4 billion in redemptions this year, on pace for the biggest withdrawals since investors pulled $7 billion in 2004. The prospect of losses in the fixed-income market and rising rates have spurred investors to retreat after pouring $1.2 trillion into bond mutual funds and ETFs from 2009 through 2012.”
Related posts:
Parliament reports 24,000 attempts to access porn sites since election
30,000 California inmates launch hunger strike against ‘state-sanctioned torture’
Rand Paul stirs business ire over blocking of U.S. tax treaties
The condemned coca leaf: One standard for a major soft drink, another for people
Self-styled ‘hillbilly’ is ‘pissed at Uncle Sam’ for taking 29% of his $225 million lottery jackpot
Peace group says European Nobel prize is ‘unlawful’
Merkel calls Obama about 'US spying on her phone'
Chinese man kills two ‘one-child’ policy officials
Venezuelan Officials Visit Qatar to Pitch Cryptocurrency
260,000 Austrians sign EU exit petition, forcing referendum debate
Retirement Savings Accounts Draw U.S. Consumer Bureau Attention
Collection of phone records stirs debate: Valuable tool or 'beyond Orwellian'?
Former Troy DARE officer sentenced
Russia Offers Fukushima Cleanup Help as Tepco Reaches Out
Mao Zedong’s grand-daughter worth more than $815 million