U.S.-based bond funds post first outflows in 12 weeks -ICI

April 8, 2015 7:17 PM

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By Sam Forgione NEW YORK, April 8 (Reuters) - Investors in U.S.-based mutual funds pulled $1.3 billion out of bond funds in the week ended April 1 as tax deadlines approached for retail investors, data from the Investment Company Institute showed on Wednesday.

The outflows were the first in 12 weeks, or since early January, according to the data from ICI, a U.S. mutual fund trade organization. The withdrawals came ahead of the April 15 tax filing deadline. Stock funds posted $1.6 billion in total outflows in a second straight week of withdrawals and their...

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