Investors fled municipal bond funds this week, resulting in the largest amount of net redemptions since the beginning of January 2011, and the fifth largest on record.
Funds that report their flows weekly posted net outflows of $2.3 billion for the week ended Dec. 19, Lipper FMI numbers show.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access