According to figures from Lipper and the Investment Company Institute, investors are generally abandoning equity funds for bond funds and are also giving growth funds the thumbs down. Even among equity funds, more staid asset classes have been faring well, according to the ICI.

Lipper reported net outflows of $1 billion from equity funds, representing the first January equity fund outflow since 1990. Bond fund net sales were up $13 billion.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.