Bond funds may set a record for redemptions
Investors have removed $70.7 billion so far this year from bond funds, compared with the previous record of $62.5 billion in redemptions in 1994.
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.
Unless the trend reverses, the redemptions would top a record $62.5 billion that investors removed from bond mutual funds in 1994, TrimTabs said.