Thu, 25 Jul 2013
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Strong 2011 returns and perceived safety led to continued popularity for bond funds last month, while domestic growth funds suffered redemptions.
Fund flows during the first quarter revealed that investors moved from more defensive to higher-yielding bond funds, and flows into passive bond funds picked up.
A multimanager system focused on finding companies poised to benefit from changing global trade patterns has led to consistent outperformance for Morningstar's International- Stock Fund Manager of the Year.
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