In Monday's
Wall Street Journal Fund Track column, Andrew Edwards zeroes in on investors' flight to bonds. Figures from
AMG Data Services show that investment-grade and high-yield fixed income mutual funds added $15.5 billion in assets this year, while equity funds added $6.04 billion. Since January 2008, equity funds lost a net $194.3 billion while corporate-bond funds recorded a net gain of $35.95 billion.
"The debt markets seem pretty well understood, while the outlook for equities is still murky,"
Margie Patel, portfolio manager at
Evergreen Investments (now part of
Wells Fargo), was quoted as saying.
Others quoted in the article include
Marilyn Cohen, president of Envision Capital and
Sandy Rufenact of Three Peaks Capital Management. 
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