Bonds funds had net inflows of $81.2 billion in the second quarter, compared with $16.4 billion for stock funds, data compiled by the Chicago-based research firm show. It was the biggest quarter for bond-fund sales since Morningstar began tracking the figures in the first three months of 1998.
Never mind that a passive, laddered bond portfolio is more than adequate for almost all investors' fixed income allocation. People are ill-served by greed-driven salespeople who "advise" them that greed-driven portfolio managers can outguess the Fed and outmaneuver the yield curve.
Nota bene: Anthony J. Alfidi holds no positions in bonds at this time.
