Don't Miss

Bond funds worldwide suffer $1.6bn outflow — BoA

By on August 4, 2013

Bond funds worldwide suffered outflows of $1.6bn in the latest week as investors awaited signs from the Federal Reserve regarding its bond-buying stimulus, data from a Bank of America Merrill Lynch Global Research report showed Friday.

Reuters reported on Friday, that the outflows from bond funds in the week ended July 31 came after investors gave $4.4bn to the funds the previous week, the report showed, also citing data from fund-tracker EPFR Global.

Over the week, investors awaited Wednesday’s statement from the Federal Open Market Committee regarding the pace of its $85bn in monthly purchases of Treasuries and agency mortgages. Investors fear a further rise in interest rates if the Fed cuts its stimulus.