An AP-CNBC poll released Tuesday shows 61% of investors wary of individual stocks due to recent market volatility, but 62% point to mutual funds as a good or somewhat good investment vehicle. That had mutual funds beating out bank savings accounts, cited by 51%, and both bonds and real estate, which each scored 50% of investors’ backing. Exchange-traded funds received a thumbs-up by only 26% of the 1,035 respondents.
Approval for mutual funds increases among those earning $100,000 or more a year. About 75% in this income range rate mutual funds as good investments.