Equity funds are almost all but certain to see their first year of outflows since 1988, and inflows into bond funds are on pace to reach record heights, according to Lipper of New York’s November fund flows report.

Equity funds showed inflows of $10 billion in November, with $3 billion coming from institutional classes and $7 billion from retail. November marks the first month that equity funds had made gains since May. Other fixed-income funds had inflows of $7 billion, with $1.6 billion in institutional classes and $5.4 billion in retail classes. And while money market funds had inflows of $119 billion, with $125 billion of inflows in institutional classes, the category had outflows of $6 billion in retail classes.

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