Rising Rates
High-yield "junk" bond funds and financial sector funds posted their largest withdrawals in five weeks during the latest period, while precious metals commodities funds collected their fifth straight week of inflows.
Stock sectors sensitive to rising rates got a respite as the U.S. Federal Reserve signaled just two more rate hikes in 2018. Utilities funds took in $311 million, the most since June 2017, while real estate sector products pulled in $196 million, the most cash since January. Overall, bond funds took in $3.2 billion during the week, Lipper data showed.
This article was provided by Reuters.