16 Jan UPDATE 1-U.S. fund investors put most cash in ‘junk’ since late 2016 -Lipper
U.S. fund investors charged
into high-yield “junk” bonds during the latest week, pouring in
$3.3 billion, the most cash flowing into that market since late
2016, Lipper said on Thursday, boosted by soothing words by
Federal Reserve Chairman Jerome Powell.
Underscoring investors’ appetite for some risk-taking,
investors pulled $15 billion net cash from U.S.-based money
market funds, ac
into high-yield “junk” bonds during the latest week, pouring in
$3.3 billion, the most cash flowing into that market since late
2016, Lipper said on Thursday, boosted by soothing words by
Federal Reserve Chairman Jerome Powell.
Underscoring investors’ appetite for some risk-taking,
investors pulled $15 billion net cash from U.S.-based money
market funds, ac
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