Fund managers position to woo investors back to bonds
Fixed income outflows have slowed as inflation eases and hopes rise of an end to jumbo Fed interest rate rises
Bond fund managers struggling through one of their worst years in decades say the tide is turning as they position to woo investors attracted by higher yields.
Nearly $480bn has flowed out of US fixed income mutual funds since the start of the year, according to the Investment Company Institute. While some money moved into exchange traded funds, the majority reflected retail investor flight during a period when bond prices fell sharply.
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