Rob Lenihan
Bond funds took in a net $1.57 billion of new money, up slightly from $1.55 billion the previous week.
"Bond flows are going to have a record inflow this year," Deluard said, "and they've been a terrible investment. The average bond fund is down 1.3% for the year." Deluard said people move toward bonds when they expect a recession. While bonds are viewed as safer, he said, "so far that hasn't worked out." Hybrid funds, which invest in both stocks and bonds, took in a net of $684 million, reversing the $661 million of outflows the previous week. Investors also pulled a net $1.15 billion out of exchange-traded funds that invest in U.S. stocks, after adding a net $12.08 billion the previous week. Meanwhile, ETF's that invest in non-U.S. stocks took in of $4.39 billion of new money, after seeing $620 million walk out the door the previous week.
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