Mutual Funds
Mutual Funds
Core Bond Mutual Funds Had Little Impact on the Investment Grade Corporate Bond Market
Core bond mutual funds’ activities during March 2020 had little impact on the investment grade...
Policymakers Need to Focus on Economic Fundamentals and Not Blame Bond Mutual Funds: Examining the Evidence of Investment Grade Corporate Bond Yield Spreads in March 2020
Bond mutual funds’ activities during March 2020 had little impact on the investment grade corporate...
Policymakers Say Bond Mutual Funds Contributed Significantly to Treasury Market Stress but…
US residents that invest in mutual funds. ICI survey data on the daily activities of bond mutual...
ICI Bond Mutual Fund Survey Brings Facts to the Debate
New ICI research provides a detailed picture of bond mutual funds’ role in the fixed-income markets...
Setting the Record Straight on Bond Mutual Funds’ Sales of Treasuries
When analyzing the complex and unprecedented market activity of March 2020, it is vital to use...
Growth in Bond Mutual Funds: A Question of Balance
Why have bond mutual funds grown substantially in the past several years? There are two possible...
Growth in Bond Mutual Funds: See the Whole Picture
In the past decade, a number of regulators and academics have discussed concerns about the growth in...
What’s in a Name, Redux: For Bond Mutual Funds, “Corporate” Matters
Policymakers around the globe are studying the turmoil in March 2020 related to the COVID-19...
Bond Mutual Fund Outflows: A Measured Investor Response to a Massive Shock
The evidence about what happened to financial markets in March 2020 is still far too mixed and...
Three Bs or Not Three Bs: Revisiting Claims That Investment Grade Corporate Bond Funds Pose Financial Stability Risks
In the past year, regulators have expressed concerns that regulated funds with a mandate to invest...
From December Outflows to January Inflows: Seasonal Factors in Mutual Fund Flows
As US and global stock markets churned in December, the press took note of ICI’s reports on outflows...
Corporate and Investment Grade Bond Funds: What’s in a Name?
Financial stability concerns are being inflated by confusion over what the funds in question...
Even in Bear Markets, Equity Fund Investors Stay the Course
With the S&P 500 on a downward trajectory since early October, we've seen many headlines in the...
Debunking Assumptions About Bond Mutual Funds’ Flows and Bond Sales
Recent outflows from bond mutual funds have drawn press attention and revived concerns among...
Understanding Interest Rate Risk in Bond Funds
Long-term interest rates reached their lowest recorded levels in July 2016 and were on a steady...
The “Waterfall Theory” of Liquidity Management Doesn’t Hold Water
In a series of recent blog posts, economists at the Federal Reserve Bank of New York have discussed...