Morningstar today reported that stock mutual funds shed another $14.1 billion in November and are on pace to surpass 2008’s record outflow of $96.7 billion.
Investors also redeemed $3.6 billion from high-yield bond funds in November, a category that has seen inflows of $24.4 billion year to date.
Intermediate-term bond funds continued their frenzy pace leading all Morningstar categories in terms of inflows for the sixth consecutive month, garnering $8.3 billion in new assets. And although inflows to emerging-markets bond funds slowed to $882 million in November, the category has taken in $20 billion for the year to date in 2012.
Not surprisingly, PIMCO took in $6.7 billion to top all fund families in terms of November inflows, but Vanguard, with inflows of $86.2 billion, leads in the year-to-date tally behind the strength of its index fund lineup.