Bond funds saved the day in 2002, netting the mutual fund industry $72 billion in inflows into all classes overall, according to year-end data that Lipper released last week.

While equity funds lost $10 billion, their first year of outflows since 1988, on the heels of the crash of 87, bond funds attracted a record $130 billion in 2002. Money market mutual funds also suffered during the year, losing nearly $50 billion in assets due to their low interest rates.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.