Bond mutual funds attracted more money than equity funds for the seventh straight quarter, posting their highest sales in at least 11 years, according to Morningstar Inc.
Bonds funds had net inflows of $81.2 billion in the second quarter, compared with $16.4 billion for stock funds, data compiled by the Chicago-based research firm show. It was the biggest quarter for bond-fund sales since Morningstar began tracking the figures in the first three months of 1998.
Tuesday, July 14, 2009
Bond Funds Top Stocks With Highest Quarterly Sales Since 1998
Bloomberg reports:
