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Mutual fund investors race to escape growing risk in global bonds
Published Sun, Aug 23, 2015 · 09:50 PM
New York
THE large mutual funds that helped fuel rapid growth in developing countries have begun hastily retreating from those investments, contributing to the recent sharp decline in global markets.
In the past week alone, investors pulled US$2.5 billion from emerging-market bond funds, the largest withdrawal since January 2014.
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