Bond fund sales grew at a record pace with $350 billion in net inflows during the first half of 2012, according to Strategic Insight, a New York-based research firm.  The trend is most dramatic in Europe, where investors are migrating to high yield, emerging and global debt, according to the firm.

Chicago-based Morningstar reported a spike in U.S. taxable bond inflows in July, which more than doubled to $23.6 billion from $10.9 billion in June.  High-yield bond funds accounted for nearly $4.7 billion of the taxable bond inflows. The multisector and emerging markets bond categories added $2 billion and $1.9 billion, respectively, Morningstar said.

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.