A 'January Effect' for Bond Fund Flows
Strong 2011 returns and perceived safety led to continued popularity for bond funds last month, while domestic growth funds suffered redemptions.
Christine Benz: Hi, I'm Christine Benz for Morningstar. January was a great month in the equity market, but investors weren't buying stock funds. Joining me today to discuss the latest trends in mutual fund inflows and outflows is Kevin McDevitt. He is editorial director with Morningstar.
Kevin, thank you so much for being here.
Christine Benz has a position in the following securities mentioned above: NEWFX. Find out about Morningstar’s editorial policies.