Friday, March 12, 2010

Mutual Fund Flows for February

Here is the February summary of mutual fund flows from Strategic Insight...

Long-term funds added $34 billion in February, raising year-to-date net flows to nearly $80 billion. Bond funds continued to dominate the long-term fund net intake, pulling in $27 billion in February driven by persistent demand for income by safety-seeking investors in a near-zero cash-yield environment, a trend we expect to persevere for a while. Concerns about European sovereign debt and fears that the global economic recovery would prove to be disappointing led investors to curtail their net new commitments to international/global equity funds in February, while flows into US equity funds remained minimal as continued economic uncertainty fed into investor caution.