US funds prefer bonds

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29 July 2015

 

According to Westpac’s recent July research paper on the US economy, managed funds, which are referred to as “mutual” funds in the US, are predominantly investing in debt securities. While the study does not give a split between US treasurys, investment-grade debt and high-yield debt the diagram produced in the report shows a clear preference by institutional investors for the debt markets over equities in the last two quarters. This...

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