Outflows of bond funds and other products accelerated in late June. EPFR says that for the week ending on Wednesday, long-term products saw outflows of $40.7 billion. This is just a tad under the record equity-driven outflows of early August 2011.
While fixed-income mutual funds experienced $20.1 billion of outflows during the week, their ETF counterparts saw $3.3 billion go out the door. And equity products lost $13.1 billion worldwide.
How are individual asset managers doing?
Analysis released Friday by Jason Weyeneth, CFA, and Alex Levine of Sterne Agee Asset found the following trends for companies that reported their latest outflows and inflows:
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