Interest in bond funds slumped in early March to their lowest level this year, according to the latest statistics from the Investment Company Institute. For the week ended March 13, investors steered a paltry $1.64 billion into bond funds, a whopping 74% drop from the $6.42 billion they poured into the funds a week earlier.
Investors were far more generous with equity funds, sending an estimated $3.86 billion their way. Of the $3.86 billion, $3.01 billion went to global equity funds with the remaining $849 million going to U.S. funds.
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