18-08-2017 01:14 via rocketnews.com

UPDATE 1-U.S. high-yield fund withdrawals largest since March -Lipper

(Adds details on mutual fund, ETF flows and market, analyst andinvestor quotes, table, byline) By Trevor Hunnicutt NEW YORK, Aug 17 (Reuters) – Investors recoiled during aturbulent week for markets, pulling the most cash fromhigh-yield bond funds since March and billions more from stockfunds, Lipper data for U.S.-based funds showed on Thursday. Those high-yield “junk” bond mutual funds andexchange-traded funds posted $2.2 billion in withdrawals, whilestock fund outflows sank t
Read more »