Data from TrimTabs shows that investors pulled $79.8 billion from bond mutual funds and ETFs during the first 27 days of June, roughly double the previous monthly record of $41.8 billion, which occurred in October of 2008.
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Investors are redeeming bond fund shares at a record pace following concerns about the Federal Reserve’s preparation to curtail stimulus measures, Reuters reports.
Data from TrimTabs shows that investors pulled $79.8 billion from bond mutual funds and ETFs during the first 27 days of June, roughly double the previous monthly record of $41.8 billion, which occurred in October of 2008.