Investors showed continued interest in bond and large-cap funds in the first quarter, while interest mid-cap and growth funds shrank, according to The Wall Street Journal.
Corporate and high-yield offerings led the bond boom, according to AMG Data Services. High-yield bond funds enjoyed the biggest inflows since 2003. Bonds overall had a record-breaking $44.7 billion in inflows. That is double the 10-year average for the first quarter, according to research from Citigroup Investment Research.