MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, August 30, 2010 Investors Open Flood Gates into Bond Funds Bond funds are all the rage with retail investors, who have reportedly been burned by two market crashes in a decade, according to a Bloomberg News article . Bond funds attracted $559 billion industrywide in the 30-month period ended June 30, reports the news service, citing data from the Investment Company Institute. On the flip side, investors have reportedly pulled $209.4 billion from domestic equity funds and $24.4 billion from funds that buy non-U.S. stocks. The article cites a couple of beneficiaries of investors' appetite for bonds including Pimco [see profile] and The Vanguard Group [see profile], and says investors' shift to bond funds is putting the heat on other firms such as Janus Capital Group [see profile] and Capital Group [see profile] because bond funds charge about 20 percent less in fees. The article also mentions: James Kennedy, chief executive of fund manager T. Rowe Price Group [see profile]; Gregory Johnson, CEO of Franklin Resources Inc [see profile]; Jim Jessee, president of the U.S. fund business for MFS Investment Management [see profile]; and John Sweeney, an executive vice president at Fidelity [see profile]. Printed from: MFWire.com/story.asp?s=33293 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |