Fri, 28 Jun 2013
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May flows data show investors are putting money to work in nontraditional fixed-income holdings, as well as emerging - markets equities, for perceived better returns.
As yields rose, both taxable- and municipal- bond funds saw record monthly redemptions in absolute terms in June.
As rising rates and emerging markets lose momentum, fund investors are eyeing nontraditional fixed-income categories and European and Japanese equities.
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