With taxable bond funds declining in value by 2.51% in July their worst performance in a single month since April 1987 investors pulled $1 billion from the category, Reuters reports, citing data from
Coming off of a strong second quarter for performance, on the other hand, domestic equity funds took in $17.4 billion in July. It was Wall Streets best quarter in 4-1/2 years.
Some analysts believe investors may finally be ready to move back into stocks from bonds. "I think were looking at a period in the near future of lower bond prices and somewhat better equity prices," Robert Truesdell, vice president and fixed income manager with M&T Asset Management, told Reuters.
