MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, February 23, 2009 Spooked Investors Gravitate toward Bond Funds 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. Printed from: MFWire.com/story.asp?s=20816 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |