Investors showed strong confidence in long-term mutual funds in the second quarter, boosting sales in bond and stock funds by $136 billion, Strategic Insight reported. It was the strongest quarter for sales since the first quarter of 2007, when long-term mutual funds drew nearly $150 billion.

“Despite continued economic uncertainty, the mutual fund industry has enjoyed remarkable stability relative to other financial services sectors,” noted Avi Nachmany, director of research at Strategic Insight. “Stock and bond funds are the core of the fund industry, and the robust inflows to both in the second quarter are a testament to the long-term perspective of most fund investors.”

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