Bond funds attracted seven times the amount of money than stock funds in the three weeks between July 1 and July 22, despite the impressive 9.9% rise in the Dow Jones Industrial Average—signaling very different investor behavior than previous rallies, USA Today reports. As the paper puts it, “The stock market may be roaring, but mutual fund investors are snoring.”
Investors purchased $28.8 billion worth of bond funds in the three weeks, compared to $4.1 billion worth of stock funds, according to data from the
Putting this in perspective, over the past 10 years, stock funds have averaged $7.8 billion in sales a month.
Certainly, July sales at