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High-yield bond funds worldwide post $4.4 bln outflows -BofA
August 1, 2014 / 3:47 PM / 3 years ago

High-yield bond funds worldwide post $4.4 bln outflows -BofA

NEW YORK, Aug 1 (Reuters) - Investors worldwide pulled $4.4 billion out of high-yield junk bond funds in the week ended July 30, marking a third straight week of big withdrawals from the funds, data from a Bank of America Merrill Lynch Global Research report showed on Friday.

The latest outflows from funds that hold the riskier, lower-rated debt brought withdrawals in the past three weeks to $12 billion, according to the report, which also cited data from fund-tracker EPFR Global.

Stock funds attracted $11.3 billion in new cash, marking their biggest inflows in six weeks. Bond funds attracted $2.2 billion, marking their sixth straight week of inflows. (Reporting by Sam Forgione; Editing by Meredith Mazzilli)

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