US fund investors continue to shun bonds - Lipper

The fixed income asset class continues to lose its appeal amid a rising rate environment in the US.

Notably, the US-based taxable-bond funds saw withdrawals of $1.2 billion during the week ended Nov 14, according to Lipper data on Thursday.

These funds bled $53 billion in October, the largest withdrawals on records dating to 1992, according to Lipper.