As investors become more worried about the U.S. economy, they seem to be pouring more money into bond funds and international equity funds and less money into domestic equity funds and ETFs, according to Strategic Insight, a business intelligence provider to the worldwide fund industry.
On Monday Strategic Insight released data showing that US mutual fund investors put $24 billion in net new cash into US stock and bond open-end and closed-end mutual funds in May 2011. This was a slight decline from April’s $27 billion of net inflows to long-term funds, a signal that investors are worried over future economic growth.
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