August 9, 2003 |
Investors withdrew $3.6 billion more from taxable bond funds than they put in during the week ended Wednesday, the biggest outflow in more than nine years, according to an estimate by AMG Data Services. The outflows included a record $2.6-billion withdrawal from high-yield corporate bond funds, AMG reported Friday. Investors also withdrew $862 million in tax-exempt municipal bond funds, the most since October 2002, according to AMG, an Arcata, Calif.-based firm that tracks fund flows. The U.S.
CALIFORNIA | LOCAL
August 19, 2006 |
The City Council agreed Friday to spend nearly $49 million in bond funds to remove trash and bacteria from storm water and urban runoff. The money comes from Proposition O, a 2004 city bond measure that raised $500 million to prevent waste and debris in the drainage system from polluting the ocean. The city will use the money for several projects, including one to install 6,000 screens to catch trash and other waste in runoff.
February 6, 1988 |
Bond mutual funds, in the dumps much of last year, are making a mini-comeback. The bond market rally of the past three weeks, caused by expectations of a weaker economy and lower inflation, has sparked jumps in sales of funds investing in municipal, corporate, Treasury and even high-yield "junk" bonds. Sales still are far from the boom levels of 1986 and early 1987, before a devasting slump started last April, when bond funds declined sharply in value as bond prices fell and interest rates rose.
June 30, 2004 |
U.S. mutual fund investors pulled a net $16.2 billion from bond funds in May, compared with a $7.8-billion outflow in April, data show. Stock funds, by contrast, had a slim net cash inflow of $564 million last month, down from an inflow of $23 billion in April. The data, reported Tuesday by the Investment Company Institute, the funds' chief trade group, showed that investors turned cautious on bond and stock funds as long-term interest rates continued to rise in May and as oil prices surged.
December 10, 2000 |
Individual investors often are accused of chasing performance--that is, piling into whatever market sector has been hot in the immediate past. That's a problem the bond mutual fund industry would love to have this year. High-quality bond funds are on track to turn in their best performance since 1995. And barring a dramatic stock rally between now and year's end, the average bond fund will outperform the average stock fund this year for the first time since 1990.
January 6, 1995 |
Under the assumption that it helps to talk about it when misfortune strikes your life, here's what 1994 was like for millions of bond mutual fund owners: * Government and corporate bond funds posted a negative "total return" of 3.3% on average, as a plunge in bond principal values more than offset the funds' interest earnings for the year, according to fund tracker Lipper Analytical Services.
September 30, 2004 |
Stock mutual funds posted meager net cash inflows in August as investors turned wary of the equity market. The funds had a net inflow of $1.1 billion, down from $9.4 billion in July, the Investment Company Institute said Wednesday. Net inflows measure purchases minus redemptions. Major stock indexes fell to nine-month lows in mid-August, discouraging fund investors. But bond mutual funds had a net inflow of $4.2 billion in August, compared with an outflow of $1.
December 19, 1987 |
Thanks largely to the falling dollar, international bond mutual funds have been the shining stars of mutual funds since the stock market peaked in late August. But that makes some experts wonder whether these funds may soon lose their glitter. The funds--most less than a year old--invest primarily in foreign bonds, with some investing in U.S. bonds as well. As such, they can gain in any of three ways. First, they gain from interest yield on the bonds. That can range from 4.
October 20, 1998 |
Before investing in a bond mutual fund, it helps to understand the mechanics of how the funds work. Unlike a bank CD or an individual bond, which pay a set rate of interest for the life of the security, bond funds' income payments can vary. Bond funds tend to distribute the income they earn on their portfolios to investors every month. Investors can choose whether they want that income paid to them directly or reinvested in additional fund shares.
January 11, 1993 |
For a game that supposedly died when the 1980s ended and financier Michael Milken went to jail, the junk bond market has been displaying some remarkable vitality of late. Indeed, as Milken moved into a Los Angeles halfway house last week after serving 22 months in prison for securities fraud, the market he helped to invent more than a decade earlier had just completed its second straight year of strong gains.