Investors dump U.S. bond funds and ETFs

Jun 26, 2013, 6:26 PM EDT

U.S.-listed bond mutual funds and exchange-traded funds saw record monthly redemptions of $61.7 billion through June 24, Bloomberg reports. Investors worldwide have cashed in bond funds following U.S. Federal Reserve Chairman Ben Bernanke saying the central bank could start scaling back its  bonds purchases if the U.S. jobs outlook showed sustained improvement. The previous monthly redemptions record was $41.8 billion in October 2008.

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