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Bond Funds See Huge Spike in Inflows

Bond Funds See Huge Spike in Inflows
By Michael Baron
09/14/11 – 04:44 PM EDT

NEW YORK (TheStreet) — Investors were putting money to work in mutual funds again last week, and bonds were the where they were doing it.

According to the latest data from the Investment Company Institute, long-term mutual funds investing in bonds took in a whopping $4.86 billion in the week ended Sept. 7.
That compares to outflows of $111 million in the previous week.
Overall, the firm estimated positive inflows of $7.31 billion for the week, a pretty big shift following inflows of just $789 million in the prior week, and outflows of $2.35 billion, $554 million, and $40.25 billion in the weeks ended Aug. 24, Aug. 17, and Aug. 10, respectively, as volatility gripped the markets and sent stocks tumbling more than 10% from their 2011 highs.

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