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1.Market Observations, 8.Was Sticky

21 Dec 2015 (AFR,FTimes) – Withdrawals hit US corporate bond funds

(21 December 2015, AFR, p19, Eric Platt in New York, Financial Times)

‘Investment grade bond funds in the US have been hit with a record wave of redemptions, a week after two high-yield funds announced they would shutter and another barred withdrawals as the credit market showed further cracks. Investors withdrew $5.1bn from US mutual funds and exchange traded funds purchasing investment grade bonds — those rated triple B minus or higher by one of the major rating agencies — in the latest week, according to fund flows tracked by Lipper.’

Read more at FT.com

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