Long-term mutual funds took in $3.5 billion in the week ended Dec. 29, marking the 42nd straight week for positive inflows, which now top $416 billion, the Investment Company Institute said.

Outflows reversed after the market hit rock-bottom on March 9, 2009. However, most of the returns have been to bond funds, even though the broad stock market indexes ended 2009 up 18%.

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