Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Market expectation that the US Federal Reserve will cut rates, possibly as early as this year, has sent investors fleeing the loan market. A total of US$686.1m was pulled from loan funds the week ending June 12, according to Lipper, following the largest outflow this year in the previous week, which totaled US$1.472bn.
