Bond funds saved the day in 2002, netting the mutual fund industry $72 billion in inflows into all classes overall, according to year-end data that Lipper released today.

While equity funds lost $10 billion, their first year of outflows since 1988, following the crash of ’87, bond funds attracted a record $130 billion in 2002. Money market mutual funds also suffered last year, losing nearly $50 billion in assets due to their low interest rates.

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