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Inflation Protected Bond Funds post new inflow record going into final week of 2Q20
Although the US headline inflation rate dipped to just 0.1% in May investors appear to be unconvinced this is the new normal for prices. During the week ending June 24 the Inflation Protected Bond Funds tracked by EPFR set a new weekly inflow record, breaking the $2 billion mark for the first time, as governments and central banks open the stimulus spigots ever wider to offset the economic impacts of the COVID-19 pandemic. Gold Funds also pulled in over $1 billion for the 11th time in the past 14 weeks.
The flows into Inflation Protected Bond Funds contributed to another solid week for EPFR-tracked Bond Funds, which collectively extended their current inflow streak to 11 straight weeks. During than run, they have recouped some 40% of the $445 billion that investors pulled out of these funds in March.