The third quarter saw a strong comeback period for open-ended mutual funds, and a stellar one for exchange-traded funds, according to Morningstar.

Mutual funds’ net inflows totaled $144.7 billion. That’s a stark reversal from the third quarter of 2008, when investors pulled $70.4 billion out of mutual funds followed up in the fourth quarter by outflows of $180.5. Exchange-traded funds took in $22 billion, helping to push total ETF assets over the $700 billion mark.

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