InvestorsÂ’ unease with the stock market, despite its 40% rise since early March, does not augur well for the mutual fund industry, the Chicago Tribune reports; assets in equity funds remain at half the level they were before the crisis began in late 2007.

Instead, investors continue to move into bonds and bond funds, as well as money market funds and savings accounts. In fact, in the past three years, investors have yanked $235 billion from stock funds, and in that time, the market has lost 56% of its value. Bond funds, meanwhile, took in $60 billion in April and May.

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