"More Cash Flows to Bond Funds" writes The Wall Street Journal. It says, "Long-term mutual funds had an estimated $5.08 billion of net investor buying in the latest week due to strength in bond funds, which more than offset outflows from equity and hybrid funds, according to the Investment Company Institute. Bond funds have thrived, as they typically do in a lower-interest-r ate environment, while stock funds have failed to consistently attract new investment for more than a year despite 2009's rally. ICI has now reported inflows for 12 consecutive weeks, totaling nearly $49 billion on an unrevised basis, and almost entirely due to money going into bond funds.... Separately, assets in money-market funds grew $11.07 billion in the week ended Tuesday, rebounding from the prior week's decline on strong inflows by institutional investors, according to iMoneyNet. Cash rushed from money funds the first half of the year as investors sought higher returns, but slowed substantially as stock-market volatility increased."
