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
), 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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