Net flows into equity and balanced funds totaled about $11 billion in October as stock and bond prices began to rebound, fund research firm Strategic Insight said today.

And if equity markets maintain their current levels through the end of December flows will exceed $60 billion for the year, "a remarkable amount considering persistent economic, employment and personal anxiety," the firm said in a statement.

Flows for bonds surpassed $12 billion in October, including more than $10 billion into taxable funds. The firm estimates that more than $100 billion in net new investments will flow into bond funds for the year, creeping toward records set in the early 1990s.

Money market flows, meanwhile, are expected to exceed $75 billion in October, the firm reported. And, as in recent months, 90% of October flows were channeled into taxable money market funds. Those vehicles have attracted just less than $400 billion in new investments this year, the firm said.

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