Mutual fund investors pick bonds over stocks

10/12/2010

BOSTON — Investors are putting more cash into mutual funds than they are taking out, but they continue to shift into bonds and out of stocks.

A report Tuesday from the research firm Strategic Insight says last month investors added a net of about $16 billion in new cash into U.S. stock and bond mutual funds.

But investors pulled $15 billion out of U.S. stock funds. The outflow was partly offset by the $5 billion that went into international stock funds.