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Investors pile out of bond funds: Lipper data

[NEW YORK] Investors pulled record sums of money out of US bond funds in the past week, according to data from Lipper US Fund Flows released on Thursday.

US investment-grade bond funds saw the largest one-week net withdrawal since Lipper began tracking fund flows in 1992, with a net outflow of US$5.12 billion for the week ended December 16.

US high-yield or junk bond funds saw their third-largest net withdrawal, with a net outflow of US$3.81 billion.

REUTERS