Investors pull $4.1bn out of bond funds
Investors pulled $4.1bn out of bond funds in the third week of December, the most in a year and a half, and put more than $5.5bn into equity funds, nurturing hopes that appetite for risk is returning despite any fears of a looming US fiscal cliff.
Investors pulled $3.7 billion out of hedge funds in June, punishing these loosely regulated portfolios for their poor performance in May, according to data released earlier this week.