Fund Investors Turn Conservative
Sales of bond and more-reserved stock funds pick up in February.
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Mentioned: Fidelity® Low-Priced Stock (FLPSX)
, Fidelity® Dividend Growth (FDGFX)
, T. Rowe Price Small-Cap Stock (OTCFX)
, T. Rowe Price Group Inc (TROW)
, Charles Schwab Corp (SCHW)
Judging from the February cash-flow estimates of major fund groups, investors are acting like they have learned something about diversification over the last several tumultuous months.
Big fund companies said investors, who a year ago were buying the shares of aggressive-growth and technology funds by the tanker load, have broadened their palettes to include fixed-income and more-conservative equity offerings. "This year, you've got a lot more diversity in investors' choices," said Anne Crowley, spokeswoman for Fidelity Investments.
Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.