The $700 billion that has flowed into taxable-bond funds in the last five years is larger than flows into U.S. equity funds in the late '90s, but investors today seem to be reacting to fear and not chasing performance.
Strong 2011 returns and perceived safety led to continued popularity for bond funds last month, while domestic growth funds suffered redemptions.
I am not in any way affiliated with any of the funds and/or fund companies I write about
But last month's outflows were a record in dollar terms only.
Dan Culloton, 10/29/2001
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