“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:
Lasers reveal lost Mayan civilization of 'unimaginable scale'
NJ Supreme Court Rules State Can Seek Custody Of Child Without Evidence Of Abuse
UN finds Syria war crimes 'on both sides'
First tobacco, now sugar. Next they'll be regulating our trousers
Emails reveal Justice Dept. regularly enlists Media Matters to spin press
Scientists switch off chromosome that causes Down’s syndrome
Kenyans outraged at MPs' six-figure, tax-funded World Cup 2018 trip
Revel casino's bankruptcy threatens plans to make Atlantic City a gambling-plus destination
Warren Buffett plans $2 billion a year Australian spending spree
Family of Australian woman killed by US police for calling 911 sues for $50M
Bitcoin Fever Catches on in India
KnCMiner Debuts Most Powerful Bitcoin Miner in History
Where Immigration Policy Intersects with Government Surveillance
New York fails Common Core tests; more states to follow
Ex-Felons Are About To Get Health Coverage