Credit Investors Pull Most From High-Grade Funds Since 2015
- Investment-grade outflows reach $5.1 billion this week: Lipper
- It’s only the fifth week of money getting pulled this year
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Credit investors yanked cash from investment-grade bond funds for the second straight week in the biggest withdrawal since December 2015.
Investors pulled $5.1 billion from funds that invest in high-grade debt in the week ended May 29, data from Refinitiv’s Lipper show. It’s just the fifth weekly outflow this year, and follows last week’s withdrawal of $756 million after a 16-week stretch of inflows.