US bond funds bore brunt of Q1 institutional investor outflows, says report

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US bond fund managers were at the epicentre of dramatic institutional investor redemptions in fixed income in the first quarter of 2020, according to new research from investment management platform eVestment.

Examining data from USD28.3 trillion in institutional assets under management on eVestment’s platform, the report showed US bond funds suffering outflows of USD162.6 billion, of which USD111.3 billion came from active strategies and USD51.3 billion from passive strategies.

When the coronavirus pandemic hit in the first quarter, investors began fleeing both traditionally-safe sovereign and riskier corporate bonds, and instead rushing to hold cash.

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Madeleine Taylor
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