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Bond Mutual Funds Headed for Record Withdrawals
Amid discussion of Fed stimulus tapering, bond mutual fund redemptions are at record levels.
Bond mutual funds are headed for record redemptions in 2013 amid signals the U.S. Federal Reserve will reduce its stimulus.
Investors have removed $70.7 billion so far this year from bond funds, TrimTabs Investment Research said today in an e-mailed statement. Unless the trend reverses, the redemptions would surpass a record $62.5 billion that investors removed from bond mutual funds in 1994, according to TrimTabs.
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