ETFs

Investors pull $2.75 billion from junk bond funds in week

Outflow is largest weekly drawdown since December, with exchange-traded funds bearing a significant brunt of the outflows

Investors yanked $2.75 billion from funds dedicated to low-rated corporate debt, in the latest sign of nerves about economic headwinds and turbulence in global bond markets.

The outflow was the largest weekly drawdown since $3.1 billion flowed out of the funds in the week ended Dec. 17, said fund tracker Lipper.

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