As investors became more cautious last year they moved their money away from U.S. equity funds and into bond funds, a sign that risk-averse investors are thinking twice after getting slammed by the financial meltdown.
On Thursday Morningstar released a report of the estimated mutual fund and exchange-traded fund asset flows for December, revealing that net inflows for mutual funds amounted to $377.4 billion in 2009, with $356 billion of that total going to bond funds.
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