TITLE

Mutual Funds Lose Cash

AUTHOR(S)
SEYMOUR, DAN
PUB. DATE
July 2010
SOURCE
Bond Buyer;7/6/2010, Vol. 373 Issue 33344, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the pull-out of municipal bond mutual trust by investors despite strong figures for state and local government debt in the U.S. Based on the post of Lipper FMI, a net outflow of 232.3 million dollars municipal funds has ended for June 30, 2010. According to director of Frost Investment Advisors, Jeffery Elswick, investors start to pull out because of how low the yields have gotten.
ACCESSION #
52219244

 

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