Investors in mutual funds rushed to bond funds in 2012, shunning stock mutual funds.
Assets of taxable-bond funds have more than doubled since the end of 2008 from $1.1 trillion to $2.5 trillion, thanks largely to net inflows, Morningstar reported today. Meanwhile, outflows from actively managed U.S.-stock mutual funds in 2012 fell to below even 2008 flows.
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