Bond funds had their worst month in at least 20 years and possibly ever, according to data released by Lipper.

Bonds bled $15.3 billion in August, well ahead of the $11 billion in outflows suffered in November 1994. Short and intermediate bond funds saw $9.1 billion walk out the door, while $6.2 billion in long-term bond assets filed out.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.