Investors poured $7.2 billion into bond funds last week, while pulling $3.6 billion from funds that invest in U.S. stocks.
All told, mutual funds picked up $4.3 billion in the week ended August 8, after losing $1.2 billion the prior week, according to the Investment Compay Institute.
As has been the case since 2007, investors are shying away from stocks. Funds that invest in U.S. stocks saw $3.6 billion pulled and international funds saw $122 million pulled.
But taxable bond funds gained $5.7 billion and municipal bond funds $1.5 billion.
Hybrid funds, which invest in stocks and bonds, gained $800 million.
Since 2007, roughly $535 billion has been pulled out of domestic stock funds, while bond funds have gained ground, even with interest rates near zero.
