June Outflows Bring 2Q Losses to $11.62B, Third-Worst on Record

Fine, Jacob
August 2004
Bond Buyer;8/4/2004, Vol. 349 Issue 31940, p1
Trade Publication
Reports on data from the Investment Company Institute indicating that municipal bond mutual funds suffered a net outflow of $3.23 billion in June 2004. Third worst quarter loss on record; Resemblance to the fourth quarter of 1994 when interest rates rose sharply; Comments of Citigroup Global Markets Inc. executive George Friedlander.


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